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ACCO Brands (ACCO)
New $100 Million Share Repurchase Authorization Continues Capital Return Theme
ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International.
Joe Gomes, Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Added Buyback Authorization. Yesterday, ACCO announced its Board had approved an authorization to repurchase up to an additional $100 million of common stock, increasing the combined authorization to $169.6 million, or roughly 18% of the outstanding market capitalization. The announcement continues a return of capital trend at ACCO.
- Past Activity. Since the original October 2015 $100 million authorization and $100 million addition in February 2018, ACCO's share repurchases have unfolded as follows...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.