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 Class A and Class B common stock, depending on market conditions and other factors. The buy-back will not include ASX-listed CDIs and is part of an ongoing effort to manage the company’s stock. This move reflects the company’s intention to actively engage in the market to repurchase shares from time to time.
For further insights into AU:NWS stock, check out TipRanks’ Stock Analysis page.