Monday, Blackbaud, Inc. (BLKB) announced its plan to buy back 7-10 percent of common stock by the end of 2024, as part of its previously announced $500 million share repurchase authorization.
In line with the above-stated plan, the Company has entered into an Accelerated Share Repurchase or ASR agreement with Bank of America, N.A., to buy back $200 million of the Company's common stock.
Blackbaud has already repurchased approximately $77 million of common stock since December 2023, excluding the ASR announced today.
The funding for the ASR and other repurchases under the $500 million authorization will come from cash reserves, operating cash flow, and, if necessary, borrowings from the existing credit facility.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.