BellRing Brands, Inc. (NYSE:BRBR) today announced its Board of Directors has approved a new $50 million share repurchase authorization, with share repurchases under the new authorization beginning on December 5, 2022. As of December 5, 2022, BellRing had repurchased approximately $45 million under its previous $50 million share repurchase authorization.
Repurchases may be made from time to time in the open market, private purchases, through forward, derivative, alternative, accelerated repurchase or automatic purchase transactions, or otherwise. The authorization does not, however, obligate BellRing to acquire any particular amount of shares, and repurchases may be suspended or terminated at any time at BellRing’s discretion. The amount and timing of repurchases are subject to a variety of factors including liquidity, share price, market conditions and legal requirements.
