Norfolk Southern commences $1.2 billion accelerated share repurchase program
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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US:NYSE Investor Relations:
nscorp.com/content/nscorp/en/investor-relations.html
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Source: PR Newswire
NORFOLK, Va., Aug. 2, 2018 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that it has entered into accelerated share repurchase (ASR) agreements with Bank of America N.A. and Goldman Sachs & Co. LLC to repurchase an aggregate of $1.2 billion of Norfolk Southern's common stock."We are delivering on our commitment to provide significant value to our shareholders," said Chairman, President and CEO James A. Squires. "These ASR transactions, combined with our ongoing, market-based share repurchases and recent dividend increases, clearly demonstrate our board's confidence in Norfolk Southern's present and future."Under the terms of the ASR agreements, Norfolk Southern will receive initial deliveries totaling approximately 5.7 million shares on Aug. 3, 2018. This represents approximately 80 percent of the expected share repurchases under the ASR program, based on the closing price of Norfolk Southern common stock on Aug. 2, 2018. The ultimate purchase prices per sha
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Earnings
- 4/24/24 - Miss
NSC
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DFAN14A
- NSC's page on the SEC website