ARKO Corp. (ARKO) Increases Share Buyback to $100M
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ARKO Corp. Increases its Original Share Repurchase Program From $50 Million to $100 Million as ARKO Continues to Have Strong Fundamentals, Liquidity, and Growth Prospects
May 16, 2023 7:00 AM EDTRICHMOND, Va., May 16, 2023 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (ARKO or the Company), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that its Board of Directors increased the Companys previously authorized share repurchase program by an additional $50 million. The Company now has availability to repurchase up to an aggregate amount of approximately $59 million of the Companys outstanding shares of common stock under this newly expanded repurchase plan.
We believe that repurchasing our shares is a compelling use of our capital resources, said... More
