other material
confidence high
sentiment positive
materiality 0.55
Gulfport Energy to repurchase 292,910 shares from stockholders at $136.56 per share
GULFPORT ENERGY CORP
- Agreed to repurchase 292,910 shares at $136.56 each, a 1% discount to Dec 1 close, total ~$40M.
- Repurchase expected to close Dec 11, 2023; sellers managed by Silver Point Capital and MacKay Shields.
- Part of existing $650M buyback program; remaining capacity after deal ~$262.9M.
- Since March 2022, company repurchased ~4.0M shares at avg $87.22, totaling ~$347.1M.