Donnelley Financial Solutions Board Authorizes $150 Million Share Buyback Program
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%
