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The latest update is out from Boston Omaha (BOC).
Boston Omaha Corporation has finalized a Separation and Stock Repurchase Agreement linked to Alex B. Rozek’s departure from the company. Under the agreement, the company will buy back over 210,000 Class A and approximately 527,780 Class B common shares, plus warrants, from Rozek and his controlled entity, Boulderado Partners, LLC, for a total of over $19 million in cash and shares of Sky Harbour Group Corporation. Further, Rozek has stepped down as a manager of a subsidiary and forfeited his Class C Units. The company’s Audit and Risk Committee supervised the negotiations and approval in accordance with corporate governance protocols.
For a thorough assessment of BOC stock, go to TipRanks’ Stock Analysis page.