News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation announces a repurchase program targeting an aggregate of US$1 billion in Class A and Class B common stock, contingent upon market conditions and other factors. The initiative will involve open market transactions as well as other possible repurchase avenues, but it explicitly excludes ASX-listed CDIs. This strategic move aims to reacquire a portion of the company’s shares from the market over an unspecified period.
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