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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 buy-back under its 2025 Repurchase Program, authorizing the repurchase of up to US$1 billion of Nasdaq-listed Class A and Class B common stock. The program covers open-market or other purchases of these U.S.-listed shares, but explicitly excludes any repurchase of ASX-listed CHESS Depository Interests.
The buy-back affects a class with 141,194,738 securities on issue and is structured as an “other” buy-back, reflecting the company’s offshore incorporation and capital management strategy. The initiative is expected to provide flexibility in returning capital to shareholders and potentially support the trading price of its Class A and Class B shares, while leaving the CDI structure on the ASX unchanged.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$56.00 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 company operating across news, information services and related digital platforms. The company issues Class A and Class B common stock listed on Nasdaq, while Chess Depository Interests represent its shares on the ASX, giving investors exposure to its international media operations.
Average Trading Volume: 200,295
Technical Sentiment Signal: Hold
Current Market Cap: A$21.85B
For an in-depth examination of NWS stock, go to TipRanks’ Overview page.