MultiPlan Board Approve $250 Million Share Repurchase Program - Quick Facts

(RTTNews) - MultiPlan Corp. (MPLN) announced Friday that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to $250 million of its Class A common stock from time to time in open market transactions at prevailing prices or by other means in accordance with federal securities laws.

The repurchase program is effective immediately and is expected to be completed before it expires on December 31, 2022.

The share repurchases will be funded using the Company's cash on hand and cash from operations. The repurchased shares will be held in treasury shares and will be available for use in connection with the Company's stock plans and for other corporate purposes.