logo
Share SHARE
FONT-SIZE Plus   Neg

Avista Board OKs 4 Mln Share Repurchase Program

Avista Corp. (AVA: Quote) said Friday that its board of directors has approved the repurchase of up to 4 million shares of the company's outstanding common stock, conditioned upon the consummation of the planned sale of Ecova, Inc., which was announced on May 29.

Repurchases of common stock will commence on the later of the date of the closing of the Ecova sale or July 7, and will not continue past December 31.

Repurchases of shares will be funded with the expected net proceeds from the planned sale of Ecova and other available cash on hand.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Internet video service Sling TV, on Wednesday said HBO would be available in time for the "Game of Thrones" and "Silicon Valley" season premieres on April 12, but did not specify a launch date. Memory chip maker Micron Technology, Inc. said Wednesday after the markets closed that its second quarter profit rose 28% from last year, helped by higher sales and lower income tax expenses. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly sales. Apple Watch is expected to post robust sales in the first weekend after its launch on April 24. A craze for Apple Watch may catapult the smartwatch industry into a lucrative market, while a not-so-impressive response for the Apple device may weigh on the industry.
comments powered by Disqus
RELATED NEWS
Trade AVA now with 
Follow RTT