After sagging performance in its shares, flatbed truckload operator Daseke announced Friday that it would repurchase up to $40 million of its stock.
The stock will be repurchased from “time to time” in the open market or by using a Securities and Exchange Commission Rule 10b5-1 plan, which sets the schedule and amount of trading in advance. The company said it will use cash on hand to fund the program.
Shares of Daseke (NASDAQ: DSKE) were up 14.6% on Friday at 12:41 p.m. EDT compared to the S&P...
https://www.freightwaves.com/news/daseke-announces-share-buyback-following-activists-encouragement