National Bank Holdings Corp., the parent of Bank Midwest, said it expects to repurchase 4.7 million shares of its stock at $21.40 a share, spending about $100 million total.
That's a huge repurchase, representing 13.3 percent of the company's shares outstanding as of June 30.
The repurchase is part of an offering the company (NYSE: NBHC) announced in early July, which was offered through a modified Dutch auction that ended on Friday.
The latest announcement of share repurchasing is only preliminary,…
National Bank Holdings Corp., the parent of Bank Midwest, said it expects to repurchase 4.7 million shares of its stock at $21.40 a share, spending about $100 million total.
That's a huge repurchase, representing 13.3 percent of the company's shares outstanding as of June 30.
The repurchase is part of an offering the company (NYSE: NBHC) announced in early July, which was offered through a modified Dutch auction that ended on Friday.
The latest announcement of share repurchasing is only preliminary,…