Light & Wonder Announces Authorization of New $1 Billion Share Repurchase Program
Light & Wonder, Inc. (LNW)
Company Research
Source: Business Wire
LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries, “Light & Wonder,” “L&W” or the “Company”) today announced that its Board of Directors has approved a new three-year share repurchase program for the repurchase of up to $1 billion in the Company's outstanding common stock through June 12, 2027.The prior share repurchase program authorized the Company to repurchase up to $750 million of its common shares and was set to expire on February 26, 2025.As of June 13, 2024, the Company has exhausted the full $750 million share repurchase authorization and purchased 11.2 million common shares, or 11.5% of shares outstanding at the inception of the program. The average purchase price of $66.72 per share represents a 28% discount to today’s closing price of $92.35.Matt Wilson, Chief Executive Officer of Light & Wonder, said, “I am pleased to announce that the Board has approved a new, upsized share repurchase program as we continue to succ
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LNW
Earnings
- 5/8/24 - Beat
LNW
Sec Filings
- 6/13/24 - Form 8-K
- 6/10/24 - Form 4
- 6/10/24 - Form 4
- LNW's page on the SEC website