July 01, 2026 01:51 am (IST)
Follow us:
Sotheby's announces repurchases under Accelerated Share Repurchase Program
New Delhi, Aug 13 (IBNS): Sotheby's announced on Thursday that it will repurchase shares pursuant to an Accelerated Share Repurchase Program (ASR) for an aggregate purchase price of $125 million.
Under the ASR agreement Sotheby's will receive an initial delivery of approximately 2,667,000 shares.
The repurchase is part of the company's previously announced $250 million share repurchase authorization.
Under the ASR agreement, the company may receive additional shares of its common stock, or may need to make additional payments in respect of the shares it received, based on the daily volume-weighted average price of the shares during the term of the agreement.
The repurchase is part of the company's previously announced $250 million share repurchase authorization.
Under the ASR agreement, the company may receive additional shares of its common stock, or may need to make additional payments in respect of the shares it received, based on the daily volume-weighted average price of the shares during the term of the agreement.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Jindal India seals long-term Dongkuk deal to power India's appliance manufacturing boom
Tue, Jun 30 2026
Finance Ministry panel clears Rs 1.25 lakh crore for India Semiconductor Mission 2.0: Report
Tue, Jun 30 2026