Hancock Whitney Plans $185 Million Accelerated Share Repurchase

Date : 10/21/2019 @ 1:45PM
Source : Dow Jones News
Stock : Hancock Whitney Corporation (HWC)
Quote : 41.48  0.03 (0.07%) @ 9:30PM
After Hours
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Last $ 41.48 ◊ 0.00 (0.00%)

Hancock Whitney Plans $185 Million Accelerated Share Repurchase

Hancock Whitney (NASDAQ:HWC)
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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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