Pampa Energia SA (PAM) has released an update.
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Pampa Energía S.A. has announced a strategic repurchase of its own shares, investing up to $75 million to address the undervaluation of the company’s stock and create value for shareholders. This buyback plan is set to last 120 days, utilizing the company’s strong cash position without compromising its solvency. The goal is to align the market price with the company’s asset value and enhance shareholder wealth.
For further insights into PAM stock, check out TipRanks’ Stock Analysis page.
