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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an announcement.
News Corporation has disclosed details of a daily notification to the ASX regarding its previously authorized 2025 share repurchase program. The buy-back relates to its Class B common stock represented by ASX CDIs, with 141,640,129 securities on issue in this class.
Under the 2025 repurchase program, the company is permitted to buy back up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. The program will be executed in the open market or otherwise subject to market conditions, but the company has specified that no ASX-listed CDIs will be repurchased under these programs, which clarifies the scope for existing CDI holders.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$42.00 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 whose shares trade on Nasdaq and are also represented on the ASX through CHESS Depositary Interests. The company issues Class A and Class B common stock and operates across news, information, and related media businesses, giving investors exposure to international media and publishing markets.
Average Trading Volume: 241,627
Technical Sentiment Signal: Hold
Current Market Cap: A$20.15B
For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.