Star Bulk Carriers (SBLK) Announces $50M Share Repurchase Program

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Go back to Star Bulk Carriers (SBLK) Announces $50M Share Repurchase Program

Star Bulk Carriers Corp. Announces Share Repurchase Program

November 29, 2018 8:25 AM EST

ATHENS, Greece, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the Company or Star Bulk) (Nasdaq: SBLK, Oslo: SBLK.R), a global shipping company focusing on the transportation of dry bulk cargoes, today announced that its Board of Directors authorized a share repurchase program to purchase up to an aggregate of $50.0 million of the Companys common shares. The timing and amount of any repurchases will be in the sole discretion of the Companys management team, and will depend on legal requirements, market conditions, stock price, alternative uses of capital and other factors.... More