Associated Capital Group, Inc. (NYSE:AC) announces an Equity Buyback for 926,345 shares, for $28.76 million.
January 04, 2017 at 05:08 pm
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Associated Capital Group, Inc. (NYSE:AC) announces a share repurchase program. Under the program, the company will repurchase up to 926,345 shares of Class A common stock, at a price of $31.05 per share for a total cost of $28.76 million. These shares will be repurchased from an unaffiliated third party. The shares repurchased will be treated as treasury shares.
Associated Capital Group, Inc. is a diversified global financial services company. The Company provides alternative investment management services and operates a direct investment business that invests in businesses that fit its criteria over time. The Company conducts its investment management activities through its wholly owned subsidiary Gabelli & Company Investment Advisers, Inc. (GCIA) and its wholly owned subsidiary, Gabelli & Partners, LLC (Gabelli & Partners). GCIA and Gabelli & Partners together serve as general partners or investment managers to investment funds, including limited partnerships and offshore companies (collectively, Investment Partnerships), and separate accounts. It primarily manages assets across a range of risk and event arbitrage portfolios and in equity event-driven value strategies. It serves a variety of investors globally, including private wealth management clients, corporations, corporate pension and profit-sharing plans, foundations and endowments.
ASSOCIATED CAPITAL GROUP, INC. 
