News Corporation has notified ASX of their buy-back program for their common stock Class A.
The buy-back program includes repurchase of up to $1 billion of Class A common stock and Class B common stock.
No ASX-listed CDIs will be repurchased in these programs.
News Corporation's buy-back program reflects their strategic capital allocation decisions and confidence in stock value.
Buy-Back Program Details
The buy-back program involves repurchasing up to $1 billion of Class A and Class B common stock, building upon previous authorizations in 2021 and 2025.
Class of Securities
Focus is on repurchasing News Corporation's common stock Class A and Class B shares, indicating a strategic move to enhance shareholder value.
Maximum Securities Repurchase
News Corporation aims to repurchase up to $1 billion of their Class A and Class B common stock, signaling confidence in the company's financial strength.
- The buy-back program showcases News Corporation's belief in its stock's intrinsic value and financial stability, potentially increasing shareholder value and hinting at future growth opportunities.
News Corporation's buy-back program illustrates a calculated strategy to boost shareholder value and optimize capital allocation, reinforcing their commitment to enhancing investor confidence and long-term sustainability.