FINWIRES · TerminalLIVE
FINWIRES

Donnelley Financial Solutions Board Authorizes $150 Million Share Buyback Program

By

Donnelley Financial Solutions (DFIN) said in a regulatory filing Tuesday that on April 16, the company's board approved a new share buyback program of up to $150 million of common stock.

The company said the program began on April 17, and will be effective through Dec. 31, 2027, adding that it replaces the prior $150 million program, which had about $15 million left unused.

The company said it may repurchase shares on the open market or through private transactions, and the timing and amount will depend on market conditions and other factors.

The company added it may also use a Rule 10b5-1 plan to allow repurchases during periods when it might otherwise be restricted from trading. The program can be suspended or discontinued at any time.

Shares of Donnelley Financial Solutions were up 1.5% in the session.

Price: $53.33, Change: $+0.80, Percent Change: +1.52%

Related Articles

Wire

IDP Education to Introduce Malaysia as Study Destination

IDP Education (ASX:IEL) expanded its range of study destinations by supporting students to study in Malaysia, according to a Tuesday statement.The company cited changing student preferences as a reason for the move, with growing demand for new destinations offering strong education quality, career outcomes, and affordable study options.The initial rollout will focus on a select number of markets as part of a phased pilot.IDP Education's shares declined 1% in recent trading on Tuesday.

ASX:IEL
Wire

Infratil Says Moody's Assigns CDC Data Centers 'Baa2' Rating, Stable Outlook

Infratil (NZE:IFT, ASX:IFT) said Moody's Ratings has assigned CDC Data Centers Australia its first public investment grade credit rating of "Baa2" with a stable outlook, according to Tuesday filings with the Australian and New Zealand bourses.The rating reflects CDC's strong financial position, stable long-term contracted revenues, and exceptionally long lease durations averaging 28.4 years, per the filing.The rating will enable CDC to improve access to capital markets, supporting further large-scale infrastructure development driven by rising demand from government, hyperscale cloud providers, and critical industries, the filing added.The company's Kiwi shares shed 1% in recent Tuesday trade.

ASX:IFTNZE:IFT
Wire

Spruce Biosciences Begins Public Offering of Stock, Prefunded Warrants; Shares Fall After Hours

Spruce Biosciences (SPRB) said late Monday it commenced an underwritten public offering of common shares or related prefunded warrants.The company expects to grant underwriters a 30-day option to buy up to 15% more stock at the public offering price, less underwriting discounts and commissions.The offering is subject to market and other conditions, Spruce said.Spruce shares fell 13% in after-hours trading.

$SPRB