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Benzinga
Benzinga
Business
Shivani Kumaresan

Aaron's Boosts Buyback Authorization, Extends Maturity

  • Aaron’s Company Inc (NYSE:AANBoard of Directors has increased its share repurchase authorization to $250 million from the original $150 million plan.
  • The company has also extended the maturity by one year to December 31, 2024.
  • As of March 2, 2022, approximately $147 million remains available under the new authorization limit.
  • The company held $22.8 million in cash and equivalents as of December 31, 2021.
  • Price Action: AAN shares traded higher by 6.35% at $22.39 on the last check Thursday.
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