Verisk Analytics Signs $1.5B Accelerated Share Repurchase Deal

فرسيك أناليتكس +2.05%

Verisk Analytics, Inc.

VRSK

180.46

+2.05%

Verisk Analytics, Inc. (NASDAQ:VRSK) ("Verisk" or the "Company"), a leading strategic data analytics and technology partner to the global insurance industry, today announced that it has entered into accelerated share repurchase agreements ("ASR Agreements") with each of HSBC Bank USA, National Association and Wells Fargo Bank, National Association (the "ASR Counterparties") to repurchase an aggregate of $1.5 billion of the Company's common stock. After giving effect to the ASR Agreements, approximately $1.0 billion will remain available for share repurchases under the Company's previously announced authorized share repurchase program.