Shares of Beauty Health Company (SKIN) today gained more than 11% after the company’s announcement, according to which its board of directors approved a share buyback program of up to $200 million.
Of the $200 million from the buyback program, $100 million is in an accelerated repurchase agreement with JPMorgan Chase, NA, under which the company will pay $100 million and receive an initial delivery of approximately 7.7 million shares of the company’s common stock on September 29, 2022.
With its fourth-quarter earnings announcement today, Jubail Corporation (JBL) announced that its board of directors has authorized a share buyback program of up to $1 billion in common stock.
With fourth-quarter results announced today, the Board of Directors of United Natural Foods, Inc. (UNFI) is on a new share buyback program of up to $200 million of its shares over four years.
By Davit Kerakossian
