Ed Tilly, Chairman, President and Chief Executive Officer, Cboe Global Markets commented:
The capital allocation actions we have taken year-to-date, including our strategic acquisitions, share repurchase activity and increased share repurchase authorization, reinforce our capital allocation priorities of investing in the growth of our business, maintaining a strong and flexible balance sheet, and returning excess cash to shareholders through dividends and share repurchases. These actions also demonstrate our Board of Directors’ support and confidence in the company’s future cash flow generation capabilities.
There is no expiration date on the share buyback program. It allows the company to repurchase shares through open market or privately negotiated transactions. The company is not obligated to make a repurchase at any specific time or situation and the repurchase may depend on market conditions, share price, liquidity targets, regulatory requirements and other factors.
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