VEREIT, Inc. Buyback
OLI recorded this information on 5/15/2017
VEREIT, Inc. (NYSE: VER) ("VEREIT" or the "Company") announced today that the Company's Board of Directors has authorized the repurchase of up to $200 million of shares of its outstanding common stock over the next 12 months as market conditions warrant. Repurchases may be made through open market purchases, privately negotiated transactions, structured or derivative transactions, including accelerated stock repurchase transactions, or other methods of acquiring shares, or pursuant to Rule 10b5-1, from time to time as permitted by securities laws and other legal requirements.
VEREIT is a holding company. Co. is a real estate operating company which owns and manages a portfolio of single-tenant commercial properties. Co. has retail, restaurant, office and industrial operating properties. Substantially all of Co.'s real estate operations are conducted through its subsidiary, VEREIT Operating Partnership, L.P. and subsidiaries (Operating Partnership). Co. is the sole general partner and holder of 99.9% of the common partnership interests in the Operating Partnership.
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Hold (2.00 out of 4)