Leidos (LDOS) Reports $200M Accelerated Share Repurchase Agreement
Leidos (NYSE: LDOS) today announced that it has entered into an accelerated share repurchase agreement with a financial institution to repurchase $200 million of Leidos' common stock. The company expects the accelerated share repurchases to be completed on or before the end of April 2019. This agreement is part of Leidos' existing share repurchase authorization. In addition, the Company may also purchase additional shares in the open market during the quarter.