LPL Financial announces $100M share repurchase from TPG

theflyonthewall.com

LPL Financial announced that it has entered into a share repurchase agreement with the investment fund associated with TPG, pursuant to which the company will repurchase 1.9M shares of its common stock concurrently with the closing of the registered sale, at a price of $52.00 per share, for total consideration of $100M. The share repurchase will be effected in a private transaction and is contingent on the closing of the registered sale by TPG. The closing of the registered sale is not contingent on the closing of the share repurchase.

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