- Adtalem Global Education Inc (NYSE:ATGE) has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co LLC to repurchase $150 million of the company's common stock.
- The company will fund the ASR with existing cash resources.
- As announced recently, Adtalem will repurchase up to $300 million of the company's common stock over the next 36 months.
- The company held $276.6 million in cash and equivalents as of December 31, 2021.
- Price Action: ATGE shares are trading higher by 4.20% at $26.55 on the last check Tuesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Adtalem Initiates $150M Accelerated Share Repurchase Agreement
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks