Light & Wonder (LNW) just unveiled an announcement.
Light & Wonder, Inc. has launched a new share repurchase program, authorizing the company to buy back up to $1.0 billion of its outstanding common stock until June 12, 2027. This move follows the completion of their previous $750 million share repurchase program. The repurchases can be made through various methods, such as open market purchases or privately negotiated transactions, and may be halted or discontinued at any time. The program reflects management’s forward-looking strategies but also comes with the usual disclaimer about the uncertainty of future results.
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