Verisk Analytics enters $2.5B accelerated share repurchase agreements
Verisk Analytics (NASDAQ:VRSK) plans to repurchase $2.5B of its common stock under accelerated share repurchase agreements entered with each of Citibank, N.A. and Goldman Sachs.
At the inception of the agreements, the banks are expected to make an aggregate initial delivery of ~10.7M shares to the company.
The final settlement of the transactions is expected to occur during the companyâs fourth fiscal quarter ending December 31, 2023.
VRSK shares gained overÂ 1%Â premarket
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