Accel Entertainment (ACEL) Announces $200M Share Buyback

Go back to Accel Entertainment (ACEL) Announces $200M Share Buyback

Accel Entertainment Announces $200 Million Share Repurchase Program

November 22, 2021 7:30 AM EST

CHICAGO--(BUSINESS WIRE)-- Accel Entertainment, Inc. (NYSE: ACEL) (Accel), a leading distributed gaming operator in the U.S., today announced that the Companys Board of Directors has approved a share repurchase program of up to $200 million of shares of common stock. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities.

Accel Entertainment CEO Andy Rubenstein commented, Based on Accels current valuation and strong free cash flow position, our Board and Management team believe this... More