Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced that its Board of Directors has approved the repurchase of up to an aggregate of $20 million of its common stock.
“Based on current market prices, we believe that the repurchase program is in the best interest of our shareholders,” commented Brian Field, Emerald’s interim president and chief executive officer.
The repurchases will be made from time-to-time on the open market at prevailing market prices. The repurchase program is expected to continue through the end of 2021 unless extended or shortened by the Board of Directors.
Photo courtesy Emerald Holding