Beauty-Health Company announces $200M buyback program

Sep. 27, 2022 8:29 AM ETThe Beauty Health Company (SKIN)By: Shweta Agarwal, SA News Editor
  • Beauty-Health Company (NASDAQ:SKIN) stated Tuesday it has secured Board's approval to repurchase up to $200M common shares.
  • It includes accelerated share repurchase agreement with JPMorgan Chase to buyback $100M shares, resulting in initial delivery of ~7.7M SKIN's shares on Sept. 29, 2022 with final settlement expected in Q1 2023.
  • The company expects to fund the repurchase with cash on-hand.
  • Earlier: The Beauty Health reports Q2 mixed earnings; raises FY22 guidance

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