Brief: Medifast, Inc. Announces $100M Accelerated Share Repurchase Program

Medifast

01/06/2022 13:18

June 1 (Reuters) - Medifast Inc  MED.N :
    * MEDIFAST, INC. ANNOUNCES $100M ACCELERATED SHARE
REPURCHASE
PROGRAM
    * MEDIFAST - CO IS EXPECTED TO FUND ASR PROGRAM USING
AVAILABLE
CASH ON HAND AND BORROWINGS UNDER COMPANY'S EXISTING CREDIT
FACILITY
    * MEDIFAST - UNDER ASR, CO WILL MAKE AN INITIAL PAYMENT OF
$100
MILLION TO JPM, RECEIVE AN INITIAL DELIVERY OF ABOUT 480,000
SHARES OF CO'S COMMON STOCK

Source text for Eikon:  ID:nPn2k389ta 
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