- Allstate (NYSE:ALL) enters an accelerated share repurchase agreement with Goldman Sachs for $750M of its common stock.
- It's expected that Goldman Sachs will purchase the shares that it delivers under the agreement in the market no later than Jan. 12, 2021.
- The agreement is part of Allstate's $3B repurchase program announced on Feb. 4, 2020; before the accelerated repurchase agreement, the company has bought 8.3M common shares for $802.7M as of Sept. 17, 2020.
- ALL falls 1.4% in premarket trading.
Allstate enters accelerated buyback for $750M of stock
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Symbol | Last Price | % Chg |
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ALL | - | - |
The Allstate Corporation |