Simon Property Announces $2 Billion Stock Buyback Plan

Simon Property (SPG) has released an update.

Simon Property Group, Inc. has launched a new $2 billion stock buyback initiative, allowing for the repurchase of common stock over the next two years depending on market conditions. This program, which grants the company flexibility in buying back shares either on the open market or through private deals, replaces a previous plan and is not a commitment to purchase a specific number of shares. The company can adjust, pause, or end the program at any time.

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For a comprehensive understanding of the announcement, you can read the full document here.