Equity Commonwealth's Board of Trustees has authorized a new $150 million stock repurchase program
Equity Commonwealth (EQC) has recently made an announcement about its stock buyback program. The company's Board of Trustees has authorized a new stock repurchase program, allowing Equity Commonwealth to buy back up to an additional $150 million of its outstanding common shares.
Equity Commonwealth's latest authorization comes as an extension to its existing share repurchase program. With $120 million still remaining under the prior authorization, which is set to expire on June 30, 2023, the company is taking advantage of this opportunity to further enhance shareholder value.
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