News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program targeting up to $1 billion of its Class A and Class B common stock, contingent on market conditions and stock price. The buy-back of Nasdaq-listed shares will be conducted through open market transactions or other means, with no repurchases of ASX-listed CDIs planned. The initiative underscores News Corporation’s strategy to manage its capital allocation effectively.
For further insights into AU:NWS stock, check out TipRanks’ Stock Analysis page.
