Groupon Buyback
OLI recorded this information on 4/20/2015
Company: |
Groupon |
Buyback: |
GRPN buyback |
$Amount Authorized: |
$300,000,000 |
Buyback Details: |
The company also announced its Board of Directors has approved a new $300 million share repurchase program, subject to the closing of the TMON sale. The authorization includes the flexibility for accelerated repurchases and purchases over time in the open market in accordance with our current practice. The new plan is expected to commence with the closing of the TMON sale and will run through August of 2017. Groupon expects to continue repurchases under its existing $300 million share repurchase program approved in 2013. That program had $83 million of authorized repurchases remaining as of March 31, 2015, and is set to expire in August of 2015. Share repurchases are subject to market conditions and other factors. |
Groupon is a two-sided marketplace that connects consumers to merchants. Co. operates in two segments, North America and International, and in three categories, Local, Goods and Travel. Co.'s Local category includes offerings from local and national merchants, and its relationships with local and national merchants, including advertising services. In its Goods category, Co. sells merchandise inventory directly to customers and the third-party merchants sell products to customers through its marketplaces. Through its Travel category, Co. features travel offers at both discounted and market rates, including hotels, airfare and package deals covering both domestic and international travel.
Open the GRPN Page at The Online Investor »
Company Name: |
Groupon Inc |
Stock buyback: |
GRPN buyback |
Website: |
www.groupon.com |
Sector: |
Advertising |
Number of ETFs Holding GRPN: |
10 |
Total Market Value Held by ETFs: |
$19.26M |
Total Market Capitalization: |
$421.00M |
% of Market Cap. Held by ETFs: |
4.57% |
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Open the GRPN Page at The Online Investor (in a new window) »