Bunzl plc (GB:BNZL) has released an update.
Bunzl plc commits to a robust capital allocation strategy by earmarking around £700 million annually for value-accretive acquisitions and additional shareholder returns until 2027. The distribution and services group also announces a share buyback program worth £250 million, effective immediately, with a further £200 million buyback expected following the 2024 preliminary results. This financial maneuvering is set against a backdrop of strong cash generation and a solid balance sheet, aiming to optimize shareholder value and manage company leverage effectively.
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