Birkenstock To Execute $250 Million Accelerated Share Repurchase to Take Advantage of Disconnect Between Share Price and Fundamental Performance
Birkenstock entered into a $250 million accelerated share repurchase agreement with Goldman Sachs, citing a disconnect between share price and underlying fundamentals. The company paid $250 million upfront and expects initial delivery of approximately 6.0 million shares, representing 80% of the total shares underlying the agreement, based on the $33.21 closing price.
Key figures
- Deal Value Usd
- 250000000
- Offering Price
- 33.21
- Shares Offered
- 6000000
- Asr initial delivery pct
- 80%
- Annual revenue growth guidance
- 13-15%
AI analysis
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