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 in Nasdaq-listed Class A and Class B common stocks. This initiative is dependent on market conditions and the company’s stock price, among other factors, and will not include any ASX-listed CDIs. The buy-back will occur periodically, either in the open market or through other methods, as part of News Corporation’s strategic financial maneuvers.
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