NVR Inc. Announces $750 Million Share Repurchase Program
NVR Inc., a US-based homebuilder and mortgage banking company, has announced a significant share repurchase program. The company’s Board of Directors has authorized the buyback of up to $750 million of outstanding common stock, with no expiration date.
This move is part of the company’s longstanding stock repurchase program, which began in 1994. The repurchased shares will be bought back through open market and private transactions as market conditions permit.
Key Program Details
- Authorized buyback amount: up to $750 million
- Type of shares: outstanding common stock
- Expiration date: none
- Repurchase method: open market and private transactions
Background
NVR Inc.’s stock repurchase program has been in place since 1994. The company will continue to monitor market conditions and execute the buyback program as permitted.