Civitas Solutions (CIVI) Repurchases $300M of Shares
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/30/2026
- Wall Street ends higher as US, Iran attacks ease; major tech-related shares jump
- Tech funds suffer record outflows as investors trim equity positions
- Comcast shares surge 23% on blockbuster plan to spin off NBCUniversal and Sky
- New leader board: Citi refreshes AI compute semiconductor picks
- Martin Marietta confirms $13.5B deal for Lhoist North America
- Mizuho says ignore Apple noise, flags key catalyst for Micron and memory in H2
- EchoStar Prepares Dish DBS Bankruptcy Filing as Soon as Tuesday - WSJ
- Strategy stock jumps 7% as firm shifts to active capital management
- New leader board: Citi refreshes AI compute semiconductor picks
- Honeywell completes aerospace spin-off, splits into 3 companies
Civitas Resources, Inc. Repurchases $300 Million of its Common Stock
January 24, 2023 7:36 AM ESTDENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (Civitas or the Company), today reported that it has agreed to repurchase approximately 4.9 million shares of its common stock, par value $0.01 per share (the Common Stock) at a price per share of $61.00, resulting in aggregate consideration of approximately $300 million (the Repurchase) from its largest shareholder, Canada Pension Plan Investment Board (CPP Investments).
Civitas CEO Chris Doyle said, Todays action provides an efficient mechanism to repurchase our shares at a compelling valuation and is consistent with our commitment to return significant cash to shareholders. Our capital structure is... More
