Medifast Adopts $100M Accelerated Share Repurchase Program
Medifast Inc (NYSE:MED) has entered into an accelerated share repurchase agreement (ASR) with JPMorgan Chase, National Association. Under the agreement, Medifast will repurchase an aggregate of $100 million of its common stock. The buyback equates to about 600,000 shares at the closing price on May 31, 2022, representing 5% of its outstanding stock.…
Benzinga ·