Tenaris SA (TS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Tenaris S.A. has announced a new USD 700 million share buyback program set to begin on November 11, 2024, and conclude by March 26, 2025. This move, conducted through a non-discretionary agreement with a financial institution, aims to repurchase up to 3.93% of the company’s issued share capital, following a previous buyback that covered 6.07%. The repurchased shares will be cancelled, potentially impacting the stock market and investor interests.
For further insights into TS stock, check out TipRanks’ Stock Analysis page.