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home / news releases / SFE - Safeguard Scientifics approves new $3M share repurchase program

SFE - Safeguard Scientifics approves new $3M share repurchase program

Safeguard Scientifics Inc.
Safeguard Scientifics (NYSE:SFE) has approved a new $3M share repurchase program. This new buyback program is expected to be completed within the 2022 calendar year and will be funded by existing funds. This new plan replaces the $6M share repurchase plan announced in May 2021, which resulted in the repurchase of 236,159 shares at an average cost of $6.94 per share for a total of $1.6M. The May 2021 plan was suspended in October 2021 as part of the company’s modified Dutch auction self-tender, which resulted in the repurchase of 4.3M common shares at $9.06 per share, including transaction costs, for a total of $39M.

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Safeguard Scientifics approves new $3M share repurchase program
Stock Information
Company Name: Safeguard Scientifics Inc.
Stock Symbol: SFE
Market: NYSE
Website: safeguard.com
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