Benzinga | Oct 12, 2020 08:07AM EDT

Danaos Corporation Announces It Has Repurchased 4,339,271 Shares Of Common Stock

ATHENS, Greece, Oct. 12, 2020 /PRNewswire/ -- Danaos Corporation (NYSE:DAC) announced it has repurchased 4,339,271 shares of its common stock for an aggregate purchase price of $31.1 million in privately negotiated transactions, including 2,517,013 shares from the Royal Bank of Scotland and 1,822,258 shares from Sphinx Investment Corp. These transactions will result in the Company's previously announced share repurchase program being terminated.