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TriNet Group, Inc. Buyback

OLI recorded this information on 11/7/2022

Company: TriNet Group, Inc.
Buyback: TNET buyback
$Amount Authorized: $250,000,000
Buyback Details: TriNet Group, Inc. (NYSE: TNET) ("TriNet" or the "Company") announced today that it has commenced a modified "Dutch auction" tender offer (the "Tender Offer") to purchase for cash up to $250 million in value of its common stock (the "Common Stock") at a price per share not less than $63.00 and not greater than $72.00, less any applicable withholding taxes and without interest, using available cash on hand. On November 4, 2022, the closing price of the Common Stock was $61.75 per share. The Tender Offer will expire at 12 midnight, New York City time, at the end of the day on December 6, 2022, unless extended or terminated.

TriNet Group provides human capital management solutions for small and medium-size businesses, including multi-state payroll processing and tax administration, employee benefits programs, workers' compensation insurance and claims management, employment and benefit law compliance, and other human resources (HR)-related services. Co.'s services include: HR Consulting Capabilities, which helps clients manage various administrative, regulatory and practical requirements associated with being employers; Benefit Options, which provides access to various Co.-sponsored employee benefit and insurance programs; and Risk Mitigation, which monitors employment-related legal and regulatory developments.

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Company Name:  Trinet Group Inc.
Stock buyback:  TNET buyback
Website:  www.trinet.com
Sector:  Business Services & Equipment
Number of ETFs Holding TNET:  34
Total Market Value Held by ETFs:  $504.08M
Total Market Capitalization:  $6.41B
% of Market Cap. Held by ETFs:  7.86%
 

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April 18, 2024    8:09 PM Eastern
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Buy (2.83 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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