Masco Corp. (MAS), a manufactures a variety of home improvement and building products, on Thursday announced a $300 million accelerated share repurchase agreement to buyback its stock.
The accelerated share repurchase program is expected to be completed no later than July 27.
The company said that the agreement forms part of the company's existing $2 billion share repurchase authorization announced in February 2026.
Masco said it expects to receive an initial delivery of approximately 3.3 million shares on May 7, representing about 80% of the shares initially underlying the agreement, based on the company's May 6 closing stock price of $71.95.
In the pre-market trading, Masco Corp. is 1.01% higher at $72.67 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.