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CBL Properties Announces a $25 Million Stock Repurchase Plan

1. CBL Properties authorized a $25 million stock repurchase program. 2. CEO states the buyback capitalizes on significant stock price discount.

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+3.37%Current Return
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+1.49%S&P 500
$23.7305/01 04:31 PM EDTEvent Start
$24.5305/02 11:02 PM EDTLatest Updated
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FAQ

Why Bullish?

Stock buybacks are generally viewed positively, indicating management's confidence in future growth. Historical examples show that buyback announcements often lead to price increases as they signal undervaluation.

How important is it?

The stock repurchase program represents a proactive capital allocation strategy, potentially motivating investors. Positive past market reactions to similar strategies reflect increased investor confidence.

Why Short Term?

The immediate impact of the buyback program is likely to boost stock prices in the short term. Similar past announcements have led to quick market reactions.

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CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that its Board of Directors authorized a stock repurchase program for the Company to buy up to $25 million of its common stock. “The $25 million repurchase program allows us to allocate our capital to capture an attractive investment opportunity when our stock is trading at a significant discount,” said Stephen Lebovitz, chief executive officer. “This action, as well as the special dividend paid in March and attracti.

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