Yahoo Finance Tupperware Jumps On $250 Million Share Buyback Plan
By Dhirendra Tripathi
Investing.com – Tupperware (NYSE:TUP) rose more than 8% during Tuesday’s trading after the company announced a $250 million share repurchase.
The company said the share repurchases will be done through one or a combination of methods including privately negotiated transactions, block trades and accelerated share repurchase transactions.
The company also said it was prepaying a $58 million term loan to Angelo Gordon and JP Morgan
According to Tupperware Brands Chief Financial Officer Sandra Harris, prepayment of the loan was possible because of improved liquidity.
Related Articles
Tupperware Jumps On $250 Million Share Buyback Plan
Exclusive-U.S. opens $500 million fund for relatives of Boeing 737 MAX victims
