News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program targeting an aggregate of US$1 billion of its Class A and Class B common stock, listed on the Nasdaq. The buy-back will occur over time, dependent on market conditions and stock price, and will not involve ASX-listed CDIs. This move reflects the company’s intent to actively manage its stock value and return capital to shareholders.
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