Tenaris Concludes Billion-Dollar Share Buyback

Tenaris SA (TS) has released an update.

Tenaris S.A. has successfully completed its USD1.2 billion Share Buyback Program, acquiring 71,679,768 shares, which amounts to 6.07% of its issued share capital, with the final tranche involving a purchase of shares worth USD300 million. The company plans to cancel the treasury shares bought in the program, further solidifying its financial strategy. The completion of this program underscores Tenaris’s ongoing commitment to shareholder value.

For further insights into TS stock, check out TipRanks’ Stock Analysis page.