ABB Ltd Reduces Share Count to Optimize Capital Structure

ABB Ltd ( (CH:ABBN) ) has issued an announcement.

ABB Ltd has reduced its number of shares and votes by cancelling 16,715,684 shares repurchased under its 2024 share buyback program, decreasing the total number of issued shares to 1,843,899,204. This strategic move is part of ABB’s capital management efforts to optimize its share structure, potentially impacting shareholder value and market positioning.

The most recent analyst rating on (CH:ABBN) stock is a Hold with a CHF45.00 price target. To see the full list of analyst forecasts on ABB Ltd stock, see the CH:ABBN Stock Forecast page.

More about ABB Ltd

ABB is a global technology leader in electrification and automation, focusing on enabling a more sustainable and resource-efficient future. The company integrates engineering and digitalization expertise to enhance industry performance, efficiency, productivity, and sustainability. With over 140 years of history and approximately 110,000 employees worldwide, ABB’s shares are listed on the SIX Swiss Exchange and Nasdaq Stockholm.

Average Trading Volume: 3,512,054

Current Market Cap: CHF86.41B

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