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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an update.
News Corporation has notified the ASX of a daily buy-back related to its previously authorised 2025 Repurchase Program, which allows the company to repurchase up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. The program, which excludes any repurchase of ASX-listed CHESS Depository Interests, will be executed from time to time in the open market or otherwise, giving the company flexibility to adjust its capital structure based on market conditions and the trading price of its stock.
The buy-back applies to a class with 141,506,986 securities on issue and forms part of News Corporation’s broader capital management strategy, signalling ongoing efforts to return capital to shareholders and potentially enhance earnings per share. The decision to focus the repurchase on U.S.-listed securities rather than ASX-listed CDIs may also underscore the company’s prioritisation of liquidity and pricing dynamics on its primary U.S. trading venue, with implications for investors holding different forms of the stock.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$53.00 price target. To see the full list of analyst forecasts on News Corporation Shs B Chess Depository Interests repr 1 Sh stock, see the AU:NWS Stock Forecast page.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation is a global media and publishing company whose shares trade on the ASX under the code NWS and via CHESS Depository Interests for its Class B common stock. The company operates primarily through its Nasdaq-listed Class A and Class B common stock, reflecting its focus on international capital markets access for its media operations.
Average Trading Volume: 262,945
Technical Sentiment Signal: Hold
Current Market Cap: A$20.19B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.