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Stock Market & Financial Investment News

News Breaks
February 18, 2013
18:16 EDTHLSHealthSouth increase authorization to repurchase stock up to $350M
HealthSouth Corporation announced its board of directors approved an increase in the company's existing common stock repurchase authorization from $125M to $350M. The Company intends to pursue a tender offer for its common stock for up to the full amount of this authorization, the timing and parameters of which will be dictated by market conditions. Any such tender offer would be funded with a combination of cash on hand and availability under the Company's $600 million revolving credit facility. Even if successful at the full amount authorized, any such tender offer would result in a modest impact on the Company's leverage ratio, with the resulting ratio remaining within the Company's target range. The Company believes the contemplated tender offer is consistent with its strategy of deploying financial resources towards long-term, shareholder value-creating opportunities.
News For HLS From The Last 14 Days
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September 29, 2014
07:49 EDTHLSHealthSouth set-up looks compelling, says RW Baird
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September 19, 2014
07:40 EDTHLSHealthSouth to benefit from passage of bill, says Wells Fargo
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