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An announcement from AZEK Company (AZEK) is now available.
The AZEK Company Inc. has initiated a $50 million accelerated share repurchase agreement with JPMorgan Chase Bank, aiming to buy back shares of its Class A common stock as part of a previously announced repurchase program. The final number of shares repurchased will depend on the average stock price during the repurchase period, with the transaction due to wrap up by November 2024. This move comes as the company looks to bolster shareholder value and reflects its future financial strategy, as detailed in their recent press release and filings which include forward-looking statements subject to various risks and uncertainties.
For an in-depth examination of AZEK stock, go to TipRanks’ Stock Analysis page.
