News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program targeting an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock, excluding any repurchases of ASX-listed CDIs. The buy-back is subject to market conditions, stock prices, and other influencing factors, with the intention to execute purchases intermittently in the open market or through other transaction methods. This move reflects News Corporation’s strategic efforts to manage capital allocation and shareholder value.
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