Brief: Seaboard Corporation Announces Share Repurchase

Seaboard

09/10/2023 13:49

Oct 9 (Reuters) - Seaboard Corp  SEB.A :
    * SEABOARD CORPORATION ANNOUNCES SHARE REPURCHASE
    * SEABOARD CORP -  AGREED TO REPURCHASE 189,724 SHARES OF
ITS
COMMON STOCK, $1.00 PAR VALUE PER SHARE AT A PURCHASE PRICE OF
$3,162.50 PER SHARE
    * SEABOARD CORP- EXPECTS REPURCHASE TRANSACTION TO CLOSE ON
OR
ABOUT OCTOBER 10, 2023
    * SEABOARD- FURTHER EXPECTS THAT REPURCHASE WILL BE
ACCRETIVE TO
ITS EPS & THAT IT WILL RETAIN SUFFICIENT LIQUIDITY FOR EXECUTION
OF ITS BUSINESS PLAN
    * SEABOARD - REPURCHASE WILL BE FUNDED WITH COMBINATION OF
CASH ON
HAND, CASH FROM SALE OF MARKETABLE SECURITIES, DRAW ON CO'S
EXISTING CREDIT FACILITIES

Source text for Eikon:  ID:nPn7VN3Lba 
Further company coverage:  SEB.A 

 ((Reuters.Briefs@thomsonreuters.com))