Tempur Sealy Boosts Share Buyback Program To $1.5B

by Shivani Kumaresan, Benzinga Staff Writer

December 13, 2021 11:40 AM | 1 min read

Tempur Sealy International Inc's TPX Board of Directors has increased the authorization for the share repurchase program to a total of $1.5 billion.
Tempur Sealy repurchased about 20 million shares at an aggregate cost of approximately $700 million in the trailing twelve months that ended September 30, 2021.
This new approval represents approximately 15% of the company's current market capitalization.
Tempur Sealy held $503.3 million in cash and equivalents as of September 30, 2021.
Price Action: TPX shares are trading lower by 0.47% at $44.62 on the last check Monday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.