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An announcement from Incitec Pivot ( (AU:DNL) ) is now available.
Dyno Nobel Limited, formerly known as Incitec Pivot Limited, has announced a significant corporate action involving an on-market buyback of up to 390 million shares, equivalent to AUD 500 million. This buyback, approved by shareholders at the 2024 Annual General Meeting, marks a strategic move following the company’s rebranding. The announcement reflects a change in the company’s name and is expected to impact its market presence and shareholder value.
The most recent analyst rating on (AU:DNL) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on Incitec Pivot stock, see the AU:DNL Stock Forecast page.
More about Incitec Pivot
Average Trading Volume: 4,269,665
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$5.32B
See more insights into DNL stock on TipRanks’ Stock Analysis page.