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The latest update is out from IBEX ( (IBEX) ).
IBEX Limited recently repurchased 3.56 million common shares from its controlling shareholder, The Resource Group International, for $70 million, marking its transition from a controlled company status. This strategic move, involving cash and seller financing, enhances IBEX’s capital structure and aligns with Nasdaq’s governance standards, potentially broadening its shareholder base. The transaction also strengthens IBEX’s financial standing, reflecting confidence in its growth trajectory.
See more insights into IBEX stock on TipRanks’ Stock Analysis page.