UNVR Buyback

Univar Solutions Inc. Buyback

OLI recorded this information on 11/1/2022

Company:

Univar Solutions Inc.

Buyback:

UNVR buyback

$Amount Authorized:

$1,245,000,000

Buyback Details:

Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a leading global solutions provider to users of specialty ingredients and chemicals, today announced financial results for the third quarter ended September 30, 2022. The Board of Directors ("Board") has approved an increase in the amount of authorized purchases under the Company's existing share repurchase program by $1 billion. The Company also has entered into an accelerated share repurchase ("ASR") agreement with Goldman Sachs & Co. LLC ("Goldman") as part of the upsized repurchase program. Under the terms of the ASR, the Company has agreed to repurchase an aggregate of $200 million of its common stock from Goldman, with an initial share delivery equal to approximately 75% of the notional value of the ASR, based on current market prices. The final number of shares to be repurchased under the ASR will be based on a discount to the average of the daily volume-weighted average stock prices for Rule 10b-18 eligible transactions in Univar Solutions common stock during the term of the ASR. Purchases under the ASR are expected to be completed prior to the end of Q1 2023. The additional Board authorization, together with the remaining $245 million available at September 30, 2022 under the initial authorization in November of 2021, provides the Company with $1.245 billion available to be used for the $200 million ASR and future buyback activity through October 2026.

Univar Solutions is a global commodity and specialty chemical and ingredient distributor and provider of other services to customers across a range of industries. Co. purchases chemicals and ingredients from producers worldwide and warehouse, repackage, blend, dilute, transport and sells those products to various customer locations across various countries. Co. operates a worldwide chemical and ingredient distribution network, comprised of various facilities, serviced by: tractors, tankers and trailers; and railcars, rail and barge terminals and deep sea terminals, focused on delivery to a spectrum of customers, large and small.

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UNVR — Key Stats (updated Mon., Jul. 31, 10:38 AM)

Company Name:	Univar Solutions Inc
Stock buyback:	UNVR buyback
Website:	www.univarsolutions.com
Sector:	Specialty Chemicals

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Univar Solutions Inc. Buyback

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