BWX Technologies (BWXT) Enters $200M Accelerated Stock Buyback Agreement
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BWXT Announces $200 Million Accelerated Share Repurchase
September 19, 2016 6:45 AM EDTLYNCHBURG, Va.--(BUSINESS WIRE)-- BWX Technologies, Inc. (NYSE: BWXT) announced today that it has entered into an accelerated share repurchase (ASR) agreement with Wells Fargo Bank, National Association to repurchase an aggregate of $200 million of the Companys common stock. The ASR agreement was entered into under the Companys previously authorized share repurchase program which had $253.4 million remaining as of June 30, 2016.
Under the ASR agreement, BWXT received approximately 4.1 million shares at the inception of the ASR. The total number of shares ultimately repurchased under the... More
