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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an announcement.
News Corporation has notified the ASX of a daily buy-back activity under its previously authorized 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 current notification relates specifically to the Class B common stock CDIs on ASX, clarifying that while the program targets U.S.-listed shares and may be executed in the open market or otherwise, no ASX-listed CDIs will be repurchased, indicating limited direct impact on Australian holders but underscoring an ongoing capital management strategy for global shareholders.
The company reports that there are 140,986,431 securities on issue in the relevant class and reiterates that the total value of shares it may buy back is capped at US$1 billion across both share classes under the 2025 program. By continuing this repurchase activity, News Corporation is signaling a commitment to returning capital and potentially enhancing earnings per share for investors in its U.S.-listed equity, while maintaining the existing CDI float on the ASX and leaving the structure of its Australian-listed interests 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 and publishing company with a primary listing on Nasdaq and Chess Depository Interests on ASX, issuing both Class A and Class B common stock. The group operates across news, information, and related content businesses, using capital management initiatives such as share repurchase programs to adjust its equity base and return value to shareholders.
Average Trading Volume: 214,092
Technical Sentiment Signal: Hold
Current Market Cap: A$21.05B
Learn more about NWS stock on TipRanks’ Stock Analysis page.