Cousins Properties Authorizes $250 Million Share Repurchase Program
MT Newswires Live
Feb 17
Cousins Properties (CUZ) said Tuesday its board approved a new plan to buy back as much as $250 million of the company's common stock.
The real estate firm intends to finance the buybacks using cash on hand, debt, proceeds from the sale of non-core assets, or settled shares from its at-the-market program, the company said.
The program allows for acquisitions through private deals or open market transactions, depending on economic conditions and stock price levels, it said.
The company also said the authorization has no set expiration date and can be paused or ended at any time.
Shares of the company were up 1.4% in recent Tuesday premarket activity.
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.