- Hilton Grand Vacations Inc HGV said its Board of Directors approved a two-year share repurchase plan authorizing the company to repurchase up to an aggregate of $500 million of shares.
- The new repurchase plan will commence once the existing two-year repurchase program, approved in May 2022 for $500 million, is fully completed.
- As of April 30, 2023, HGV had approximately $83 million remaining under the prior repurchase program.
- HGV may repurchase shares in the open market, in privately negotiated transactions or in such other manners as determined by the company.
- Hilton Grand Vacations held $752 million in cash and equivalents as of March 31, 2023.
- Price Action: HGV shares are trading higher by 1.49% at $42.12 in premarket on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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