An update from Evertec (EVTC) is now available.
Evertec, Inc. has boosted its share buyback program to $220 million and initiated a $70 million accelerated repurchase with Bank of America. The repurchase is part of Evertec’s increased authorization and will leave $150 million for future buybacks. Shares received will depend on the average price during the agreement term, with the final settlement due by September 5, 2024. This strategic move reflects Evertec’s commitment to enhancing shareholder value and confidence in its financial stability.
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