Verisk Analytics (VRSK) Announces $2.5 Billion Accelerated Share Repurchase Transaction

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Go back to Verisk Analytics (VRSK) Announces $2.5 Billion Accelerated Share Repurchase Transaction

Verisk Analytics, Inc. Announces $2.5 Billion Accelerated Share Repurchase Transaction

March 7, 2023 9:00 AM EST

JERSEY CITY, N.J., March 07, 2023 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (Verisk or the Company), a leading global data analytics and technology provider, today announced that it has entered into accelerated share repurchase agreements (ASR Agreements) with each of Citibank, N.A. and Goldman Sachs & Co. LLC (the ASR Counterparties) to repurchase an aggregate of $2.5 billion of the Companys common stock. The ASR Agreements were entered into as part of the Companys previously announced share repurchase program.

The ASR Counterparties are expected to make an aggregate initial delivery of approximately 10.7 million shares... More