Stoneridge Initiates $50 Million Accelerated Share Repurchase
Stoneridge, Inc. (SRI)
Last stoneridge, inc. earnings: 10/30 06:01 pm
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US:NYSE Investor Relations:
stoneridge.com/investor-presentations
Company Research
Source: PR Newswire
NOVI, Mich., May 7, 2019 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI), a leader in highly engineered electrical and electronic components for the commercial vehicle and automotive industry, announced today that it has entered into an accelerated share repurchase agreement with Citibank N.A. to repurchase an aggregate of $50 million of Stoneridge's common shares. This reflects Stoneridge's strong balance sheet and free cash flow generation. The agreement was entered pursuant to the Company's previously announced $50 million share repurchase program on October 28, 2018. The Company will initially receive approximately 1.35 million common shares. The final number of shares to be repurchased will be based on the volume-weighted average price of Stoneridge's common shares during the term of the transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the share repurchase agreements. "This share repurchase demonstrates our confidence in the long-ter
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SRI
Earnings
- 8/2/23 - Miss
SRI
Sec Filings
- 5/16/24 - Form 8-K
- 5/8/24 - Form 4
- 5/1/24 - Form 10-Q
- SRI's page on the SEC website