FX.co ★ AZEK's Board Approves $600 Mln Share Repurchase Program Of Its Class A Common Stock

On Monday, AZEK Co. Inc. (AZEK) declared that its Board has sanctioned the repurchase of up to $600 million of Class A common stock. This repurchase authorization is in addition to the roughly $75 million remaining from a previous authorization.

The company, renowned for its low-maintenance and environmentally sustainable outdoor living products, indicated that this initiative enables the repurchase of shares through various methods. These methods may include open market transactions, privately negotiated deals, structured transactions via investment banking institutions, accelerated share repurchase programs, or tender offers.