(RTTNews) - The Brink's Co. (BCO), a cash management, secure logistics, and payment solutions offering services, on Thursday announced a new $750 million share repurchase program.
The authorization was approved by the Board on December 10, runs through December 31, 2027, and represents more than 15% of the company's current market capitalization.
The new buyback plan comes in addition to the existing $500 million program set to expire on December 31.
The broader shareholder-return program has retired over seven million shares and returned more than $725 million through dividends and buybacks since 2022.
In the pre-market trading, The Brink's Co. is 2.46% higher at $120 on the New York Stock Exchange.
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