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Chewy | 8-K: Chewy Announces $500 Million Repurchase of Shares from Bc Partners

Chewy | 8-K: Chewy Announces $500 Million Repurchase of Shares from Bc Partners

Chewy | 8-K:Chewy宣佈從BC Partners回購5億美元的股份
美股SEC公告 ·  06/28 03:41

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On June 26, 2024, Chewy, Inc. entered into a Stock Repurchase Agreement with Buddy Chester Sub LLC, an affiliate of BC Partners, to buy back 17,550,000 shares of its Class A common stock at $28.49 per share, totaling approximately $500 million. The repurchased shares are to be cancelled and retired post-transaction. This decision, approved by a special committee of independent and disinterested directors, is separate from Chewy's existing $500 million share repurchase program. The transaction is expected to close by June 27, 2024, and is part of Chewy's capital allocation strategy, leveraging its increasing profitability and free cash flow. Following the repurchase, Chewy's outstanding shares will reduce to approximately 418 million. The company issued a press release on the same day to announce the Board's authorization of the Stock Repurchase.
On June 26, 2024, Chewy, Inc. entered into a Stock Repurchase Agreement with Buddy Chester Sub LLC, an affiliate of BC Partners, to buy back 17,550,000 shares of its Class A common stock at $28.49 per share, totaling approximately $500 million. The repurchased shares are to be cancelled and retired post-transaction. This decision, approved by a special committee of independent and disinterested directors, is separate from Chewy's existing $500 million share repurchase program. The transaction is expected to close by June 27, 2024, and is part of Chewy's capital allocation strategy, leveraging its increasing profitability and free cash flow. Following the repurchase, Chewy's outstanding shares will reduce to approximately 418 million. The company issued a press release on the same day to announce the Board's authorization of the Stock Repurchase.
2024年6月26日,Chewy與BC Partners附屬公司Buddy Chester Sub LLC簽署了股份回購協議,以每股28.49美元的價格回購其17,550,000股A類普通股,總價值約5億美元。回購的股票將在交易後撤銷和註銷。這個決定由獨立和無利益關係的董事特別委員會批准,與Chewy現有的5億美元股票回購計劃分開。交易將預計於2024年6月27日前完成,是Chewy資本配置策略的一部分,利用其日益增長的盈利和自由現金流。回購後,Chewy的流通股數量將減少到約4.18億。當天,該公司發佈了新聞稿宣佈董事會授權股份回購。
2024年6月26日,Chewy與BC Partners附屬公司Buddy Chester Sub LLC簽署了股份回購協議,以每股28.49美元的價格回購其17,550,000股A類普通股,總價值約5億美元。回購的股票將在交易後撤銷和註銷。這個決定由獨立和無利益關係的董事特別委員會批准,與Chewy現有的5億美元股票回購計劃分開。交易將預計於2024年6月27日前完成,是Chewy資本配置策略的一部分,利用其日益增長的盈利和自由現金流。回購後,Chewy的流通股數量將減少到約4.18億。當天,該公司發佈了新聞稿宣佈董事會授權股份回購。
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