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Beauty Health Authorizes $200 Mln Share Buyback; Inks $100 Mln ASR Deal With JPMorgan

RTTNews | 943 days ago

Beauty Health Authorizes $200 Mln Share Buyback; Inks $100 Mln ASR Deal With JPMorgan

(RTTNews) - The Beauty Health Co. (SKIN) announced its Board of Directors has authorized a share repurchase program of up to $200 million of the Company's outstanding common stock.

In connection with the share repurchase authorization, the Company entered into an accelerated share repurchase agreement (ASR) with JPMorgan Chase Bank, N.A., to repurchase $100 million of the Company's common stock.

Upon completion of the ASR, the Company will have authorization to repurchase an additional $100 million of shares of common stock. It will make a payment of $100 million and will receive an initial delivery of approximately 7.7 million shares of the Company's common stock on September 29, 2022.

The company expects to fund the repurchase with cash on-hand. The final settlement of the ASR is expected to occur during the first quarter of 2023.

Tags: SKIN

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Tech Shares Likely To Boost Taiwan Stock Market

Tech Shares Likely To Boost Taiwan Stock Market

The Taiwan stock market has finished higher in two of three trading days since the end of the two-day slide in which it had stumbled more than 600 points or 3 percent. The Taiwan Stock Exchange now sits just beneath the 19,875-point plateau and it's got a solid lead again for Monday's trade.

RTTNews | 22 minutes ago

Singapore Stock Market May Halt Its Slide On Monday

Singapore Stock Market May Halt Its Slide On Monday

The Singapore stock market has moved lower in two straight sessions, slumping almost 10 points or 0.3 percent in that span. The Straits Times Index now sits just under the 3,825-point plateau although it may find traction on Monday.

RTTNews | 52 minutes ago

Additional Support Anticipated For Malaysia Stock Market

Additional Support Anticipated For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, gathering almost 25 points or 1.4 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,510-point plateau and it's expected to add to its winnings again on Monday.

RTTNews | 1h 22min ago

Japan Stock Market May Extend Winning Streak

Japan Stock Market May Extend Winning Streak

The Japanese stock market has finished higher in three straight sessions, collecting almost 1,500 points or 4.2 percent along the way. The Nikkei 225 now sits just above the 35,700-point plateau and it's expected to open to the upside again on Monday.

RTTNews | 1h 37min ago

KOSPI May Extend Friday's Gains

KOSPI May Extend Friday's Gains

The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had climbed more than 40 points or 1.6 percent. The KOSPI now sits just beneath the 2,550-point plateau and it may tick higher again on Monday.

RTTNews | 1h 52min ago

Hong Kong Export Data Due On Monday

Hong Kong Export Data Due On Monday

Hong Kong will on Monday see March figures for imports and exports, highlighting a very light day for Asia-Pacific economic activity.

RTTNews | 2h 52min ago

Swiss Franc Recovers Against Majors

Swiss Franc Recovers Against Majors

The Swiss franc recovered against its major counterparts in the New York session on Friday.

RTTNews | 2 days ago

Euro Advances Against Most Majors

Euro Advances Against Most Majors

The euro climbed against its most major counterparts in the New York session on Friday.

RTTNews | 2 days ago

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