Blue Bird to buy back USD 60 million in shares
|
By Luke Willetts - 6th March 2024
USA – American school bus manufacturer, Blue Bird Corp (NASDAQ ticker: BLBD), based in Macon, Georgia announced that its Board of Directors approved the decision to repurchase USD 60 million of its common stock over the next 24 months (two years). Blue Bird management will have control over the timing, price and amount of stock to be repurchased. This transaction will be funded by the company’s cash reserves. This strategy, according to Blue Bird, will give it more control over its long-term business operations.
Phil Horlock, Blue Bird CEO said:
