Carlyle Group To Buy Back $2 Bln Of Stock
(RTTNews) - The Carlyle Group Inc. (CG), an investment firm, Thursday announced that it has authorized a new share repurchase program to buy back $2 billion of shares.
Further, the investment firm announced three-year financial targets to be achieved by the end of 2028, including FRE of $1.9 plus billion, inflows of $200 plus billion, and DE per common share of $6 plus.
In pre-market activity, CG shares were trading at $51.55, up 0.04% on the Nasdaq.
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