JBS SA (JBSAY) has released an update.
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JBS S.A., a major player in the food industry, has announced the approval of a new share buyback program, aiming to optimize shareholder value by efficiently managing its capital structure. The company is set to acquire up to 113.4 million shares, with the program’s transactions to be conducted on Brazil’s B3 stock exchange. JBS assures that this strategic move will not impact its control structure or its ability to meet financial obligations, including the payment of mandatory dividends.
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