The latest update is out from Chewy (CHWY).
Chewy, Inc. has struck a deal to repurchase 17.55 million shares of its Class A common stock from Buddy Chester Sub LLC, an affiliate of BC Partners, for about $500 million. This move, approved by an independent special committee and the Board, will see the shares retired once the transaction is finalized by June 27, 2024. The repurchase is independent of the existing share repurchase program and is part of an effort to optimize the company’s stock value for shareholders.
See more data about CHWY stock on TipRanks’ Stock Analysis page.
