- Sportsman’s Warehouse Holdings Inc SPWH Board of Directors authorized a share repurchase program of up to $75.0 million of common shares.
- The repurchase program will begin on March 31, 2022, and will terminate on the first anniversary of the commencement date.
- The company intends to fund repurchase using cash on hand or available borrowings under its revolving credit facility.
- As of December 8, 2021, the company had approximately $57.5 million of cash on hand due to the $55.0 million payment received in conjunction with the termination of the merger agreement with Great Outdoors Group, Inc.
- Price Action: SPWH shares are trading higher by 3.15% at $11.62 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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