08:54 AM EDT, 08/05/2024 (MT Newswires) -- Vontier ( VNT ) said Monday it will buy back $100 million of its common stock under an accelerated share repurchase agreement entered into with Goldman Sachs ( GS ) .

Vontier ( VNT ) said the buyback transactions will be part of its existing $500 million share repurchase authorization that had about $290 million remaining as of Aug. 1.

The company said it expects to use cash on-hand to fund the repurchases and settle these in Q3.

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