Walt Disney (DIS) has released an update.
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The Company’s Board of Directors has given the green light to buy back up to 400 million shares of common stock, with a financial goal to repurchase $3 billion worth in fiscal 2024. This Share Repurchase Program is flexible, allowing for various methods of acquisition, and is not bound by a fixed end date. The number of shares to be bought back will hinge on market conditions and the Company’s stock price, among other factors.
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For a comprehensive understanding of the announcement, you can read the full document here.
