News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a buy-back program targeting an aggregate of US$1 billion of its Class A and Class B common stock, to be repurchased from time to time depending on market conditions. The buy-back will not involve ASX-listed CDIs and is part of the company’s strategy to manage its stock effectively. No specific number of shares has been targeted for the buy-back, indicating a flexible approach by the company.
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