Humana will repurchase $750M of its common stock

Humana plans to use  an accelerated stock repurchase agreement with Goldman Sachs to repurchase $750 million of its common stock.

The repurchase is part of a $3 billion share repurchase program announced in December 2017. The plan will be funded through a combination of debt financing and parent cash.

The final settlement for the accelerated stock repurchase is expected to occur in the first quarter of 2019. The number of shares will be based on the daily volume-weighted average share price of Humana common stock over the course of the agreement with Goldman Sachs.

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