UberAccelerates Stock Repurchases
This is a news story, published by Investor's Business Daily, that relates primarily to Bank of America news.
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Uber Stock HitInvestor's Business Daily
•Uber stock jumps after the ride-hail giant announces accelerated share buyback
78% Informative
Uber announced an accelerated share repurchase agreement with Bank of America .
The ride-hail and food-delivery giant will buy $1.5 billion shares of Uber common stock.
Uber expects initial delivery of 18.6 million shares, or around 80% of the total covered under the deal.
Uber's market capitalization was $136 billion entering trading Monday .
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