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December 3, 2012
16:08 EDTFLTFleetCor says completed share repurchase to be accretive to FY12 EPS by 13c
FleetCor Technologies announced that it has completed its previously announced purchase of approximately 3.85M shares of FleetCor common stock at $51.91 per share pursuant to a share repurchase agreement with certain of its private equity shareholders associated with Summit Partners and Bain Capital. “On a pro forma basis, using actual results through September 30 and our prior guidance, the repurchase is expected to be accretive to full-year 2012 earnings by approximately 13c per diluted share,” said Ron Clarke, chairman and chief executive officer, FleetCor Technologies, Inc. “We believe that buying back shares from our legacy investors will help to reduce the share overhang and leaves us sufficient liquidity to execute our acquisition plans.” The share repurchase was effected in a private transaction and FleetCor funded the $200 million aggregate purchase price with borrowings under its credit facilities.
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April 14, 2015
10:37 EDTFLTFleetCor downgraded to Buy from Conviction Buy at Goldman (pre-open)
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