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Scorpio Tankers replenishes funds available to repurchase securities
Chicago, June 1 – Scorpio Tankers Inc. replenished the funds available for securities repurchases on May 1, according to a press release.
The company, as of June 1, has $250 million available for securities repurchases, which include common shares and its $25-par senior notes due 2025 (NYSE: SBBA).
The company recently repurchased 851,978 of its common shares on the open market at an average price of $46.74 per share.
Monaco-based Scorpio is an oil tanker business.
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