PPD Announces $200M Accelerated Share Repurchase
PPD, Inc. (Nasdaq: PPDI) today announced it intends to enter into an accelerated share repurchase (ASR) agreement with Barclays Capital Inc. under which PPD will repurchase shares of its common stock.
These repurchases will be made pursuant to PPD's previously announced $350 million stock repurchase program, of which approximately $260 million remains available.
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