Express Scripts (ESRX) Announces Accelerated Share Repurchase Plan

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Go back to Express Scripts (ESRX) Announces Accelerated Share Repurchase Plan

Express Scripts Announces Accelerated Share Repurchase Transaction

April 29, 2015 9:06 PM EDT

ST. LOUIS, April 29, 2015 /PRNewswire/ -- Express Scripts Holding Company (Nasdaq: ESRX) announced that it has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co. LLC. Under the terms of the ASR agreement the Company will receive an aggregate initial delivery of approximately 55.1 million shares of the Company's common stock in exchange for a prepayment of $5.5 billion. The final number of shares to be repurchased will be based on the average of the daily volume-weighted average prices of the Company's common stock during the term of the... More