News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
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News Corporation has announced a buy-back program to repurchase up to $1 billion of its Nasdaq-listed Class A and Class B common stocks, depending on market conditions. This move aims to optimize the company’s capital structure and potentially enhance shareholder value. No ASX-listed CDIs will be repurchased in this program.
For further insights into AU:NWS stock, check out TipRanks’ Stock Analysis page.