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2019-10-22 01:59:40

Centene (NYSE:CNC) is up 0.6% postmarket after disclosing it's authorized a $500M share repurchase program.

That's in addition to a previous buyback program that authorized the repurchase of up to 16M shares of common stock; some 6.7M shares remain under the authorization as of today.

Under the increased buyback amount, the company may use some or all of the proceeds from divestitures related to the WellCare acquisition to buy back shares.

seekingalpha.com Jason Aycock
centene 500m seekingalpha authorizes additional buybacks https shares program comnews3507537 repurchase authorized

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