Beauty Health Authorizes $200 Mln Share Buyback; Inks $100 Mln ASR Deal With JPMorgan

RTTNews | 1012 days ago
Beauty Health Authorizes $200 Mln Share Buyback; Inks $100 Mln ASR Deal With JPMorgan

(RTTNews) - The Beauty Health Co. (SKIN) announced its Board of Directors has authorized a share repurchase program of up to $200 million of the Company's outstanding common stock.

In connection with the share repurchase authorization, the Company entered into an accelerated share repurchase agreement (ASR) with JPMorgan Chase Bank, N.A., to repurchase $100 million of the Company's common stock.

Upon completion of the ASR, the Company will have authorization to repurchase an additional $100 million of shares of common stock. It will make a payment of $100 million and will receive an initial delivery of approximately 7.7 million shares of the Company's common stock on September 29, 2022.

The company expects to fund the repurchase with cash on-hand. The final settlement of the ASR is expected to occur during the first quarter of 2023.

read more
TSX Settles Roughly Flat

TSX Settles Roughly Flat

The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.
RTTNews | 10h 18min ago
Swiss Market Ends Slightly Down

Swiss Market Ends Slightly Down

After languishing in negative territory till a little before the final hour of the day's trading session, the Switzerland market managed to emerge into positive zone on Friday but failed to hold firm and eventually settled with a marginal loss.
RTTNews | 17h 2min ago
TSX Up Marginally After Posting New Record High

TSX Up Marginally After Posting New Record High

The Canadian market is up marginally a little past noon on Friday with investors largely making cautious moves on weak private sector activity report, and amid uncertainty about Trump administration's tariff moves.
RTTNews | 18h 30min ago
German Factory Orders Log Bigger-Than-Expected Fall

German Factory Orders Log Bigger-Than-Expected Fall

Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
RTTNews | 21h 59min ago
Bay Street Headed For Weak Start

Bay Street Headed For Weak Start

Canadian shares are likely to open on a negative note Friday morning, tracking weak European stocks and lower crude oil prices. Concerns about tariffs may weigh down on sentiment. Trading volumes are likely to remain thin as the U.S. market is closed for Independence Day holiday.
RTTNews | 22h 22min ago
UK Construction Sector Contraction Slowest In 6 Months

UK Construction Sector Contraction Slowest In 6 Months

UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
RTTNews | 22h 29min ago