Accel Entertainment Plans $200M Share Buyback Program

Accel Entertainment Inc (NYSE:ACEL) Board of Directors has approved a share repurchase program of up to $200 million shares of common stock.
The company plans to decide the timing and the actual number of shares based on various factors, including price, general business and market conditions, and alternative investment opportunities.
“We are excited to pursue a potential return of capital to stockholders in conjunction with furthering our mission of capturing growth across the country,” said CEO Andy Rubenstein.
Accel held $179.8 million in cash and equivalents as of September 30, 2021.
Price Action: ACEL shares are trading higher by 5.63% at $12.95 on the last check Monday.