KKR revealed that it has increased its share repurchase authorization to $500 million. As of October 29, 2021, about $160m of buyback authority remained outstanding under the previous program.
KKR engages in the provision of investment and private equity asset management services. Also, the company manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds.
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The buyback plan will be carried out from time to time, depending on market, economic and other factors. Repurchases will be made using methods not limited to the open market or private transactions.
The company expects that the program, which has no expiration date, will be in effect until the maximum approved dollar amount has been used.
Source: Nasdaq
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