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CRH plc ( (CRH) ) has provided an update.
CRH plc has announced a share buyback transaction where it acquired and canceled a significant number of its ordinary shares in the U.S. This move is part of a broader $300 million buyback program set to conclude by February 26, 2025, aimed at optimizing its capital structure and enhancing shareholder value. Following these transactions, CRH will maintain a substantial number of shares in treasury, which do not carry voting rights, potentially impacting the company’s market positioning and shareholder dynamics.
More about CRH plc
CRH plc operates in the construction industry and is a leading provider of building materials. The company focuses on producing and supplying a broad range of products essential for construction projects, including cement, aggregates, and ready-mixed concrete, primarily in the European and North American markets.
YTD Price Performance: 7.98%
Average Trading Volume: 409,662
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £53.76B
Learn more about CRH stock on TipRanks’ Stock Analysis page.
