Darling Ingredients refreshed and increased its share repurchase program to $1.0 billion.
Key Highlights:
- Board raised repurchase authorization from $500.0M to $1.0B to buy common stock depending on market conditions.
- Program has no expiration date and may be modified, suspended or discontinued at any time.
- Company cited a stronger balance sheet and accelerating cash generation as rationale for increased buybacks.
- Press release furnished as Exhibit 99 to the Form 8-K; disclosure not deemed "filed" under Section 18 of the Exchange Act.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.