Post Holdings Inc (POST) has released an update.
The Board approved a new $400 million share repurchase authorization effective February 5, 2024, replacing an existing authorization of the same amount that had been used to buy back approximately $234 million of the company’s stock. This new authorization spans two years, allowing share repurchases through various methods with the flexibility to suspend or terminate at the company’s discretion, and repurchased shares will be held as treasury stock.
For further insights into POST stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
