other material
confidence high
sentiment positive
materiality 0.65
Verisk authorizes $3.5B share buyback program; $500M immediate, $3B contingent on Energy divestiture
Verisk Analytics, Inc.
- Board authorized $3.5B incremental share repurchase on Nov 8, 2022.
- $500M available immediately; remaining $3.0B effective upon Energy sale closing with Veritas Capital.
- Authorization adds to previous remaining repurchase capacity; no expiration, can be suspended.
- May repurchase in open market or otherwise; no obligation to repurchase.