Allstate enters $750mn share buyback agreement with JPMorgan Chase
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free trial
  • Log in

Allstate enters $750mn share buyback agreement with JPMorgan Chase

Eli Rallo
August 23, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Allstate logo chicago stock numbers.jpg

Allstate and JPMorgan Chase have entered an accelerated share repurchase agreement to purchase $750mn of its outstanding common stock.

At the agreement’s inception, according to Allstate’s 8-K filing on August 20, Allstate will receive the majority of the shares repurchased, with JPMorgan acquiring those shares in the open market no later than October 27, 2021.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Allstate
ER
Eli Rallo
Gift this article