Abb Ltd (Adr) (ABBNY) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
ABB Ltd has announced the commencement of a new share buyback program starting April 1, 2024, with plans to repurchase up to $1 billion worth of shares, representing a maximum of 21.3 million shares. The buyback, aimed at capital reduction, will be conducted on a secondary trading line with the SIX Swiss Exchange and is set to align with the company’s Q4 2024 results and dividend proposal schedule. Additionally, Tarak Mehta, President of ABB’s Motion Business Area, will be leaving the company at the end of July to assume a CEO role elsewhere, ending a 26-year tenure with ABB.
For further insights into ABBNY stock, check out TipRanks’ Stock Analysis page.
