other material
confidence high
sentiment positive
materiality 0.75
Bath & Body Works enters $1 billion accelerated share repurchase with JPMorgan
Bath & Body Works, Inc.
- Agreement with JPMorgan to repurchase $1 billion of BBWI common stock, announced February 2, 2022.
- JPMorgan delivered 13,623,978 shares initially on February 4, 2022.
- Final number of shares based on VWAP discount; settlement expected during Q2 2022.
- Further share deliveries or cash payments possible at final settlement depending on VWAP.