Zoetis (ZTS) has shared an update.
Zoetis Inc. has launched an ambitious share repurchase plan, allowing the company to buy back up to $6 billion of its common stock. The initiative, which is not bound by a fixed end date, gives Zoetis the flexibility to conduct these buybacks through open market transactions or private deals. While the program doesn’t compel the company to repurchase any specific number of shares, Zoetis’ Board retains the authority to modify or end the program as they see fit. This comes as the company nears the completion of its previous $3.5 billion repurchase program set in motion in 2021.
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