other material
confidence high
sentiment positive
materiality 0.65
Chegg increases share repurchase authorization by $1B, total up to $2B
CHEGG, INC
- Board approved $1.0B increase to securities repurchase program, total authorization now $2.0B.
- Approximately $65M remaining from prior $1B program; new authorization expands total capacity.
- Repurchases may include common stock and/or convertible notes; program has no expiration date.
- Funding from existing cash and future operating cash flows; timing subject to market conditions.