Newhall Land Board OKs 1.5-Million-Unit Buyback
- Share via
Newhall Land & Farming Co., a Valencia-based real estate developer, said its board approved the repurchase of up to 1.5 million of the company’s units.
The buyback would be funded by the sale of agricultural land and more rapid residential land sales. A portion of the proceeds would also be used to repay debt, the company said.
The company now has about 36.2 million units outstanding.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
