Beacon announces additional $250 million accelerated share repurchase program

Herndon, va.--(business wire)--beacon (nasdaq: becn) (the “company”) announced today that it has entered into an accelerated share repurchase agreement (“asr”) with citibank n.a to repurchase $250 million of beacon's common stock. this asr is in addition to the $125 million accelerated share repurchase agreement, which was announced in march and is expected to be settled no later than the end of june. “today's announcement to further accelerate our share repurchase program reaffirms beacon's co
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