White Mountains Announces Additional 1M Share Repurchase Authorisation
White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that its Board of Directors authorised the Company to repurchase up to an additional 1,000,000 common shares, from time to time, subject to market conditions. This authorisation is in addition to the roughly 31,000 shares remaining under the Company's existing share repurchase authorization.
Shares may be purchased in the open market, through privately negotiated transactions, one or more tender offers or otherwise. The timing and actual number of shares repurchased will depend on a variety of factors, including stock price, alternative opportunities and other market conditions. The repurchase authorisation does not obligate White Mountains to acquire any specific number of shares.
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