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Business/Financial

Leidos To Accelerate Stock Repurchases

By Cal Biesecker

Wednesday, May 20th, 2015

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Leidos To Accelerate Stock Repurchases

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Wednesday said it will conduct a $100 million accelerated stock repurchase with most of the shares to be bought in the near-term.The company said 80 percent of the shares will be delivered in the near-term, adding that the agreement is expected to be completed by August. The accelerated repurchase is part of its previously announced stock buyback program.Roger Krone, Leidos’ chairman and CEO, has said the company’s priority for capital deployment is dividends but that share buybacks…

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