News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program targeting an aggregate of US$1 billion of its Class A and Class B common stock, contingent on market conditions and other factors. The buy-back will occur periodically and involve shares listed on the Nasdaq, with a clear exclusion of any ASX-listed CDIs in the repurchase plan. The company has not specified a minimum number of securities to repurchase but has stated an intention to buy back a maximum amount as part of this program.
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