News Corporation Initiates Stock Buyback ProgramNews Corporation Initiates Stock Buyback Program News Corporation (AU:NWS), the multinational media conglomerate, has unveiled a stock buyback program targeting up to US$1 billion of its Nasdaq-listed Class A and Class B ordinary shares. This strategic move is aimed at returning capital to shareholders and potentially enhancing shareholder value. The buyback program will be executed over time through open market transactions or other authorized means. However, it specifically excludes ASX-listed Chess Depository Interests (CDIs). Despite the exclusion of CDIs from the buyback program, this announcement underscores News Corporation’s commitment to prudent capital management. By reducing the number of outstanding shares, the company can potentially increase earnings per share and boost shareholder returns. For further analysis of AU:NWS stock, investors can refer to TipRanks’ Stock Analysis Page, which provides insights on the company’s financial performance, analyst ratings, and market sentiment.
News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a buyback program targeting up to US$1 billion of its Nasdaq-listed Class A and Class B ordinary shares, subject to market conditions and share prices. The buyback will occur over time, through open market transactions or other means, but will not include ASX-listed CDIs. This strategic move demonstrates the company’s commitment to managing its capital and potentially delivering value to shareholders.
For more insights into AU:NWS stock, check out TipRanks’ Stock Analysis Page.
