other material
confidence high
sentiment positive
materiality 0.65
Energizer launches $75M accelerated share repurchase program
ENERGIZER HOLDINGS, INC.
- Initial payment of $75M to JPMorgan; receives ~1.5M shares with final settlement by end of 2021.
- Represents ~2.6% of fully-diluted common stock outstanding at Aug 10 close.
- Funded via available cash and revolver borrowings; part of existing 7.5M share buyback authorization.
- CEO Mark Lavigne cites confidence in strategy and commitment to shareholder value.