The AZEK Company Announces $50 Million Accelerated Share Repurchase Program
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The AZEK Company Inc. Class A (AZEK)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--The AZEK Company Inc. (NYSE: AZEK) (“AZEK” or the “Company”), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim and StruXure® pergolas, today announced it has entered into an accelerated share repurchase agreement (“ASR”) with Goldman Sachs & Co. LLC (“Goldman Sachs”) to repurchase $50 million of the Company’s Class A common stock.The Company is funding the share repurchases under the ASR with cash on hand. Under the terms of the ASR, the Company will receive an initial delivery of approximately 0.9 million shares of Class A common stock from Goldman Sachs, with the final settlement scheduled to occur no later than August, 2024. The final number of shares to be repurchased under the ASR will be based generally on the average of AZEK’s daily volume-weighted average price per share of Class A common stock during a repurc
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AZEK
News
- The AZEK Company Inc. (NYSE: AZEK) had its "buy" rating re-affirmed by analysts at Truist Financial Co.. They now have a $57.00 price target on the stock.MarketBeat
- The AZEK Company Announces $600 Million Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- The AZEK Company Announces $600 Million Share Repurchase ProgramBusiness Wire
- The AZEK Company (AZEK) Rose on Strong Fundamental Performance [Yahoo! Finance]Yahoo! Finance
- The AZEK Company receives NYSE notice of non-compliance [Seeking Alpha]Seeking Alpha
AZEK
Earnings
- 2/6/24 - Beat
AZEK
Sec Filings
- 6/20/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 144
- AZEK's page on the SEC website