2023-05-02 17:10:47 ET
- MYR Group ( NASDAQ: MYRG ) on Tuesday announced a new $75 million share repurchase program.
- The repurchase program will expire on November 8, 2023, or when the authorized funds are exhausted, whichever is earlier.
- The company intends to fund the repurchase program with cash on hand and through borrowings under its credit facility.
- The buyback was authorized by the board and will be effective on May 9, 2023.
- MYRG's old $75.0 million stock buyback that commenced on November 8, 2022 is scheduled to expire on May 8, 2023.
- Press Release .
For further details see:
MYR Group's board approves new $75M stock buyback