Churchill Downs Plans $500M Stock Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

September 30, 2021 8:48 AM | 29 seconds read | Make a Comment

Churchill Downs Inc CHDN Board of Directors has authorized a $500 million share repurchase program.
The new share repurchase program replaces the prior $300 million program authorized in October 2018 that had the unused authorization of $97.9 million as of September 29, 2021.
The company held $411.4 million in cash and equivalents as of June 30, 2021.
Price Action: CHDN shares closed lower by 1.11% at $238.58 on Wednesday.

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