Teekay Launches $40 Million Buyback Program-February 2024-www.financetom.com

Teekay Launches $40 Million Buyback Program

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Teekay Launches $40 Million Buyback Program

Sep 9, 2024 7:10 AM

07:56 AM EDT, 09/09/2024 (MT Newswires) -- Teekay ( TK ) said Monday that its board has authorized a new share buyback program for the repurchase of up to $40 million common stock.

The shipping company said it has nearly completed a previous $25 million repurchase program initiated in August 2022, buying back about 3.3 million shares at an average price of $7.49 each.

Teekay ( TK ) shares were down 1.1% in recent premarket activity.

Price: 7.81, Change: -0.09, Percent Change: -1.14

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