Sotheby’s Announces Repurchases Under Accelerated Share Repurchase Program

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Go back to Sotheby’s Announces Repurchases Under Accelerated Share Repurchase Program

Sotheby's (BID) to Buy Shares Under Accelerated Repurchase Program

August 13, 2015 9:22 AM EDT

Sothebys (NYSE: BID) announced today 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 Sothebys will receive an initial delivery of approximately 2,667,000 shares. The repurchase is part of the... More