WWE® Announces Stock Repurchase Program
WWE (NYSE: WWE) today announced that the Companys Board of Directors has authorized a stock repurchase program of up to $500 million of the Companys common stock.
- WWE (NYSE: WWE) today announced that the Companys Board of Directors has authorized a stock repurchase program of up to $500 million of the Companys common stock.
- Commenting on this announcement, George Barrios, WWE Co-President, said: The authorization of a stock repurchase program underscores our commitment to the Companys shareholders.
- Management plans to repurchase stock opportunistically, i.e., when the repurchase price is below WWEs intrinsic value as conservatively estimated by management, and the returns of share repurchases compare favorably to other capital allocation alternatives.
- The repurchase program does not obligate the Company to repurchase any minimum dollar amount or number of shares and may be modified, suspended or discontinued at any time.