Textainer Group Holdings Limited Buyback
OLI recorded this information on 9/14/2020
Company:
Textainer Group Holdings Limited
Buyback:
TGH buyback
$Amount Authorized:
$51,000,000
Buyback Details:
Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today announced that Textainer's Board of Directors authorized an increase to the Company's share repurchase program of up to $50 million of the Company's outstanding common shares. The authorization is effective immediately and adds to the previous $50 million program, which had approximately $1.0 million remaining authorized and available for repurchase as of September 11, 2020. Purchases under the share repurchase program may be made from time to time through open market purchases, privately negotiated transactions or such other manners as will comply with applicable laws and regulations.
Textainer Group Holdings is a holding company. Through its subsidiaries, Co. purchases, manages, leases and resells a fleet of marine cargo containers. Co. manages and provides administrative support to the affiliated and unaffiliated third-party owners' (Container Investors) container fleets. Co. conducts its business activities in three main areas: Container Ownership, which consists of standard dry freight containers, but also includes refrigerated and other special-purpose containers; Container Management, which manages containers for and on behalf of the Container Investors; and Container Resale, which buys and subsequently resells containers (trading containers) from third parties.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: TGH Stock Forecast Based on Zacks ABR data; powered by Xignite |