CBL & Associates Properties (CBL) repurchased 500,000 shares for $12.5 million in a privately negotiated block trade with a single investor.
The trade wasn't part of an existing repurchase program, CBL said Thursday in a statement.
The company said it completed the share buyback program of up to $25 million on Sept. 20 and repurchased a 1.07 million shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.