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Benzinga
Benzinga
Business
Shivani Kumaresan

Tempur Sealy Boosts Share Buyback Program To $1.5B

  • Tempur Sealy International Inc's (NYSE:TPX) Board of Directors has increased the authorization for the share repurchase program to a total of $1.5 billion.
  • Tempur Sealy repurchased about 20 million shares at an aggregate cost of approximately $700 million in the trailing twelve months that ended September 30, 2021.
  • This new approval represents approximately 15% of the company's current market capitalization.
  • Tempur Sealy held $503.3 million in cash and equivalents as of September 30, 2021.
  • Price Action: TPX shares are trading lower by 0.47% at $44.62 on the last check Monday.
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