Exela Technologies (XELA) to Deploy $200M in Next Step Capital Deployment Strategy
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/3/2026
- Wall St futures tepid as Middle East tensions keep investors wary
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
- Nvidia to acquire AI platform Hugging Face in landmark $12.9B deal
- Tesla to unveil Cybercab Texas today, details are few
- Snowflake soars 20% on earnings beat and raised guidance
Exela Technologies Announces Plans to Deploy over $200 Million in Expected Proceeds for the Next Step in Capital Deployment Strategy: Seek approval for share buyback, dividends, debt repurchase and sa
June 6, 2022 8:20 AM EDTIRVING, Texas, June 06, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA, XELAP) today announced the next step in its multipart Capital Deployment Strategy (Strategy), previously announced on September 30, 2021 as part of a broader mandate to maximize shareholder value, proactively negotiate our remaining debt maturities and reduce the overall amount of debt along with repurchases of common stock. The Company remains focused on strengthening its financial foundation for improved cash flow generation which is essential for shareholder value expansion.
The Companys Strategy calls for initiating sale processes for several stand-alone assets that are expected to generate proceeds... More
