- BrightView Holdings Inc (NYSE:BV) Board authorized a share repurchase program totaling $250 million. The program has no time limit.
- The buyback is effective immediately and allows for ongoing and profitable investment in the business while utilizing moderate balance sheet leverage and facilitating opportunistic share repurchases.
- The company says the share repurchase authorization announced does not affect its previously stated and ongoing mergers and acquisitions strategy.
- BrightView held $123.7 million in cash and equivalents as of September 30, 2021.
- Price Action: BV shares closed lower by 1.10% at $13.46 on Friday.
Mid-Day Market Update: Nasdaq Tumbles 150 Points; Marin Software Shares Jump
Midway through trading Friday, the Dow traded down 0.17% to 36,175.08 while the NASDAQ fell 1.02% to 14,927.31. The S&P also fell, dropping, 0.45% to 4,674.76.
