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 $1 billion of its Class A and Class B common stock, listed on Nasdaq. The company aims to execute the buy-backs based on market conditions, stock price, and other influencing factors, ensuring no ASX-listed CDIs are included in the repurchase. This strategic move, communicated on April 11, 2024, reflects News Corporation’s ongoing efforts to enhance shareholder value through selective stock repurchases.
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