News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program targeting an aggregate of US$1 billion in its Class A and Class B common stock, depending on market conditions. This buy-back will occur over time, and it will involve shares listed on Nasdaq, with no buy-back of ASX-listed CDIs. The plan reflects the company’s proactive strategy to manage its capital structure and deliver value to shareholders.
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