Hancock Whitney Plans $185 Million Accelerated Share Repurchase
October 21 2019 - 9:45AM
Dow Jones News
By Colin Kellaher
Hancock Whitney Corp. (HWC) on Monday said it will buy back $185
million in common stock under an accelerated repurchase agreement
with Morgan Stanley & Co.
The Gulfport, Miss., bank holding company said it will receive
initial delivery of about 3.6 million shares under the program,
with final settlement expected by the third quarter of 2020.
Hancock Whitney's board in September increased the company's
buyback authorization to 5.5 million shares.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 21, 2019 09:30 ET (13:30 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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