July 21, 2026 04:27 pm (IST)
Follow us:
Sotheby's announces repurchases under Accelerated Share Repurchase Program
New Delhi, Aug 13 (IBNS): Sotheby's announced on Thursday that it will repurchase shares pursuant to an Accelerated Share Repurchase Program (ASR) for an aggregate purchase price of $125 million.
Under the ASR agreement Sotheby's will receive an initial delivery of approximately 2,667,000 shares.
The repurchase is part of the company's previously announced $250 million share repurchase authorization.
Under the ASR agreement, the company may receive additional shares of its common stock, or may need to make additional payments in respect of the shares it received, based on the daily volume-weighted average price of the shares during the term of the agreement.
The repurchase is part of the company's previously announced $250 million share repurchase authorization.
Under the ASR agreement, the company may receive additional shares of its common stock, or may need to make additional payments in respect of the shares it received, based on the daily volume-weighted average price of the shares during the term of the agreement.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Maharashtra: Tata Power Secures LOA from SECI for supply of 324 MW power from the 1000 MW Pumped Hydro Storage Project at Bhivpuri
Mon, Jul 20 2026
L&T secures multiple orders across metals and mining sector
Mon, Jul 20 2026
Air India earns global recognition for its digital transformation
Mon, Jul 20 2026
Big export win! APEDA sends first-ever 24 MT frozen French fries shipment from Uttarakhand to Iraq
Mon, Jul 20 2026
Major Amul expansion in Bengal with 10-lakh-litre dairy plant
Sun, Jul 19 2026