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Leidos enters USD 200m share repurchase agreement.

M2 EQUITYBITES-February 27, 2019-Leidos enters USD 200m share repurchase agreement


Virginia-based Leidos (NYSE: LDOS) has announced it has entered into an accelerated share repurchase agreement with a financial institution to repurchase USD 200 million of Leidos' common stock, the company said.

The company expects the accelerated share repurchases to be completed on or before the end of April 2019. This agreement is part of Leidos' existing share repurchase authorization. In addition, the Company may also purchase additional shares in the open market during the quarter.

Leidos is an information technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. ??

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Publication:M2 EquityBites (EQB)
Date:Feb 27, 2019
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