other material
confidence high
sentiment positive
materiality 0.55
Leidos enters $500M accelerated share repurchase agreement; initial ~4.5M shares due Feb 17
Leidos Holdings, Inc.
- ASR with financial institution for $500M of common stock under existing authorization.
- Initial payment of $500M on Feb 17, 2022; expects ~4.5M shares delivered same day.
- Final share count based on VWAP during term, less discount; settlement expected Q2 2022.
- Repurchase funded with cash on hand and commercial paper proceeds.