News Corporation provided notification of a buy-back for their Class A common stock.
The buy-back program involves repurchasing up to an aggregate of US$1 billion of Class A common stock and Class B common stock.
The company intends to repurchase shares from the open market or otherwise, depending on market conditions.
Type of Buy-back
The buy-back type is classified as 'Other buy-back' involving a repurchase program for up to US$1 billion of Class A and Class B common stocks.
Total Number of Securities on Issue
The total number of +securities in the class to be bought back is 375,593,195.
Maximum Number of Securities Proposed to be Bought Back
The maximum number of +securities proposed to be bought back is up to US$1 billion under the Repurchase Programs.
- The buy-back program reflects News Corporation's commitment to capital management and returning value to shareholders.
- Repurchasing shares could signal the company's confidence in its financial position and future prospects.
News Corporation's decision to initiate a significant buy-back program indicates their strategic focus on optimizing capital structure and enhancing shareholder value.