Adtalem Initiates $150M Accelerated Share Repurchase Agreement


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  • Adtalem Global Education Inc (NYSE:ATGE) has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co LLC to repurchase $150 million of the company's common stock.
  • The company will fund the ASR with existing cash resources.
  • As announced recently, Adtalem will repurchase up to $300 million of the company's common stock over the next 36 months.
  • The company held $276.6 million in cash and equivalents as of December 31, 2021.
  • Price Action: ATGE shares are trading higher by 4.20% at $26.55 on the last check Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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