BrightView Plans $250M Buyback Program

BrightView Holdings Inc BV Board authorized a share repurchase program totaling $250 million. The program has no time limit.
The buyback is effective immediately and allows for ongoing and profitable investment in the business while utilizing moderate balance sheet leverage and facilitating opportunistic share repurchases.
The company says the share repurchase authorization announced does not affect its previously stated and ongoing mergers and acquisitions strategy.
BrightView held $123.7 million in cash and equivalents as of September 30, 2021.
Price Action: BV shares closed lower by 1.10% at $13.46 on Friday.

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