Tenaris Launches $700 Million Share Buyback Program

Tenaris SA (TS) has released an update.

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.