- Masco Corporation (NYSE:MAS +0.4%) has entered into an accelerated share repurchase agreement with Royal Bank of Canada to repurchase $400M of the company's common stock.
- As per the ASR agreement, Masco will receive initial delivery of 7.3M shares on November 26, 2019, representing ~85% of the number of shares of common stock initially underlying the ASR agreement.
- The transaction is expected to be completed no later than February 12, 2020.
Masco announces $400M accelerated share repurchase
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