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The latest announcement is out from AZEK Company (AZEK).
The AZEK Company Inc. has initiated an accelerated share repurchase agreement with Goldman Sachs to buy back $50 million of its Class A common stock, as part of its existing repurchase program. This transaction, which involves an initial exchange of around 0.9 million shares, will be finalized based on a volume-weighted average price, with possible adjustments for additional shares or cash settlements. With customary terms typical for such agreements, the deal is set to conclude by August 2024, as announced in the Company’s recent press release.
For a thorough assessment of AZEK stock, go to TipRanks’ Stock Analysis page.
