Churchill downs incorporated announces new $500 million share repurchase program

Louisville, ky., sept. 29, 2021 (globe newswire) -- churchill downs incorporated (“cdi” or “company”) (nasdaq: chdn) announced today that the company's board of directors approved a $500 million share repurchase program. the new share repurchase program replaces the prior $300 million program that was authorized in october 2018 and had unused authorization of $97.9 million as of september 29, 2021. the new share repurchase program includes and is not in addition to any unspent amount remaining under the prior authorization. share repurchases may be made at management's discretion from time to time in the open market (either with or without a 10b5-1 plan) or through privately negotiated transactions. the repurchase program has no time limit and may be suspended or discontinued at any time.
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