MRC Global (MRC) announced that its Board of Directors authorized a new $125M share repurchase program, which expires on January 2, 2028. Under the repurchase program, the Company may purchase its outstanding common shares through various means, including open market transactions, block purchases, privately negotiated transactions or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The program may be modified, discontinued or suspended at any time without prior notice.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRC:
- MRC Global to sell Canada operations to Emco Corporation, terms not disclosed
- MRC Global Highlights Growth and Investment Potential
- MRC Global price target raised to $17 from $16 at Susquehanna
- MRC Global Reports Q3 2024 Financial Results
- MRC Global Reports Q3 2024 Financial Decline and Strategic Adjustments