Masco corporation announces $500 million accelerated share repurchase

Livonia, mich.--(business wire)--masco corporation (nyse: mas) today announced it has entered into an accelerated share repurchase (“asr”) agreement with wells fargo bank, national association to repurchase $500 million of masco's common stock. this agreement is part of masco's existing share repurchase authorization under which $2 billion of authority was announced on february 9, 2021. under the asr agreement, masco will receive initial delivery of approximately 7.9 million shares on may 10, 2
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