ITC Holdings (ITC) Enters $115M Common Stock Accelerated Buyback Plan
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ITC Announces $115 Million Share Repurchase Program
October 1, 2015 6:30 AM EDTNOVI, Mich., Oct. 1, 2015 /PRNewswire/ --Â ITC Holdings Corp. (NYSE: ITC) today announced that it has entered into an accelerated share repurchase program (ASR) with Barclays Bank PLC ("Barclays").Â
The ASR was entered into pursuant to a board-approved share repurchase program, which authorizes the repurchase of up to $250 million of shares through December 31, 2015. The company previously completed $130 million of accelerated share repurchases under the share repurchase program in December 2014.
"This program looks to execute up to $115 million of the remaining capacity of share repurchases approved by our board," said... More
