News Corporation submitted an update for their buy-back notification to the ASX.
The update includes details regarding the ongoing repurchase programs for common stock.
The company has authorization for a total of US$2 billion for the repurchase programs.
Repurchase Programs
Authorizes up to US$2 billion for buy-back of Class A and Class B common stock.
ASX Security Code
NWSAA - Common stock Class A is the subject of the buy-back.
Date of Initial Notification
22/9/2021 - Date when the buy-back was initially notified.
- The ongoing buy-back programs indicate the company's confidence in its stock.
- The repurchases may affect the outstanding shares and potentially impact stock prices.
News Corporation's buy-back initiatives demonstrate their commitment to enhancing shareholder value and optimizing capital structure.