News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program targeting up to $1 billion of its Class A and Class B common stock, contingent on market conditions and stock price. The buy-back will occur over time, either in the open market or through negotiated transactions, but will not include ASX-listed CDIs. This move aims to enhance shareholder value and reflects the company’s commitment to managing its capital efficiently.
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