Stock BuybacksBy The Online Investor Staff, updated Sat., Sep. 19, 7:14 AM
|This Slide: #4 of 25|
Slide #4. Bristow Group Inc.
Bristow Group Inc. (NYSE:VTOL)
Bristow also announced today that on September 16, 2020, its Board of Directors approved a new $75 million share repurchase program. Repurchases under the program may be made in the open market, including pursuant to a Rule 10b5-1 plan, by block repurchases, in private transactions (including with related parties) or otherwise, from time to time, depending on market conditions. The program is expected to be funded using cash on hand and cash generated from operations. The repurchase program does not require Bristow to acquire any specific number of shares and may be terminated or suspended at any time.
Bristow Group is a helicopter transport operator. Co.'s helicopters are primarily used to transport personnel to, from and between offshore oil and gas production platforms, drilling rigs and other installations. Co. provides helicopter services, including emergency response services, provided to customers primarily engaged in offshore oil and gas exploration, development and production activities and United States government agencies that oversee these activities. Co. also leases helicopters to third parties and foreign affiliates and, for some lessees, provides services such as logistical and maintenance support, training and flight and maintenance crews in addition to the helicopters.
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Hold (2.00 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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