Teekay (TK) Announces New $30M Share Buyback, Completes Prior Repurchase
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Teekay Corporation Completes $30 Million Share Repurchase Program and Announces New Share Repurchase Program
March 22, 2023 6:58 AM EDTHAMILTON, Bermuda, March 22, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE: TK) today announced that the Company has completed its previously-announced $30 million share repurchase program. Under the program, the Company has repurchased 6.45 million common shares, or approximately 6.3% of the outstanding common shares immediately prior to commencement of the program in August 2022, for a total of $30 million, which equates to an average price of $4.64 per share.
In addition, the Companys Board of Directors has authorized a new share repurchase program for the repurchase of... More
