Tenaris (TS) has released an update.
Tenaris S.A. has announced it will begin a $300 million third portion of its extensive $1.2 billion share buyback program, with plans to cancel the acquired shares. Independent trading by a major financial institution will ensure compliance with market regulations, with the buyback period running from May 13, 2024, to no later than August 12, 2024. This move aligns with the authority granted by shareholders and underscores Tenaris’s commitment to enhancing shareholder value.
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