Hilltop Holdings Inc. announces an Equity Buyback for $50 million worth of its shares.
January 26, 2017 at 10:01 pm
Hilltop Holdings Inc. (NYSE:HTH) announces a share repurchase program. Under the program, the company will repurchase up to $50 million of its outstanding common stock. The company will repurchase its shares through open-market purchases or through privately negotiated transactions as permitted under Rule 10b-18 promulgated under the Securities Exchange Act of 1934. The purchases will be funded from available cash balances. The extent to which the company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations, as determined by the company’s management team. The repurchase program will continue through January 2018.