News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
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News Corporation has announced a repurchase program targeting up to US$1 billion of its Nasdaq-listed Class A and Class B common stock, contingent on market conditions and other factors. The company has clarified that no ASX-listed CDIs will be repurchased under this scheme. This buy-back initiative is part of an ‘Other buy-back’ category, which generally applies to entities outside Australia.
For further insights into AU:NWS stock, check out TipRanks’ Stock Analysis page.