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Leidos Plans $200 Million Accelerated Share Repurchase Transaction

Cal Biesecker By
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Leidos Plans $200 Million Accelerated Share Repurchase Transaction
Leidos Chairman and CEO John Jumper. Photo: Leidos

Leidos Holdings [LDOS] on Tuesday said it has agreed to an accelerated stock repurchase program valued at $200 million in the near-term. The company said about 80 percent of the shares will be repurchased shortly and it expects the transaction to be complete by June. Leidos said it has entered into an agreement with a financial institution for the accelerated share repurchase plan. The new accelerated share repurchase program follows a $300 million program the company executed in the fourth…

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