Blackbaud's Strategy to Repurchase 7-10% of Shares Accelerates Amid 3% Drop
Monday, 4 March 2024, 12:54
Blackbaud Stock Buyback Program
Blackbaud (BLKB) has revealed plans to repurchase 7-10% of its outstanding shares by 2024. The company intends to achieve this through accelerated share repurchase plans, block trades, and open market purchases.
A Strategy to Enhance Shareholder Value
- Accelerated share repurchase plans
- Block trades
- Open market purchases
The announcement comes as Blackbaud's stock drops 3%, showcasing the company's commitment to returning value to shareholders despite short-term market fluctuations.
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