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home / news releases / BPOP - Popular enters into $231M accelerated share repurchase agreement

BPOP - Popular enters into $231M accelerated share repurchase agreement

Popular Inc.
  • Popular ( NASDAQ: BPOP ) entered into an accelerated share repurchase agreement to repurchase an aggregate of $231M stock.
  • Company will make an initial payment of $231M and receive an initial delivery of 2.34M shares.
  • Transaction will be accounted for as a treasury stock transaction.
  • Corporation will recognize in shareholders’ equity ~$185M in treasury stock and $46M as a reduction of capital surplus.
  • Shares +1% pre-market .

For further details see:

Popular enters into $231M accelerated share repurchase agreement
Stock Information
Company Name: Popular Inc.
Stock Symbol: BPOP
Market: NASDAQ
Website: popular.com
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