Lennox International Inc. Buyback
OLI recorded this information on 2/10/2016
Company:
Lennox International Inc.
Buyback:
LII buyback
$Amount Authorized:
$200,000,000
Buyback Details:
Lennox International Inc. (NYSE: LII) today announced it has entered into an accelerated share repurchase agreement (ASR) with Merrill Lynch International, acting through its agent, Merrill Lynch, Pierce, Fenner and Smith Incorporated, to repurchase $200 million of Lennox International's common stock.
Lennox International is a global provider of climate control solutions. Co.'s residential heating and cooling segment manufactures and markets a range of furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment and accessories, comfort control products, replacement parts and supplies and related products for both the residential replacement and new construction markets. Co.'s commercial heating and cooling segment manufactures and sells unitary heating and cooling equipment used in light commercial applications. Co.'s refrigeration segment manufactures and markets equipment for the commercial refrigeration markets.
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Avg. Broker Rec.
  
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Buy (2.87 out of 4) 20th percentile
(ranked lower than approx. 80% of all stocks covered)
Analysts' Target Price: LII Stock Forecast Based on Zacks ABR data; powered by Xignite |
