News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program targeting up to $1 billion of its Class A and Class B common stock, conditional on market circumstances and share price. No buy-backs will occur for ASX-listed CDIs under this scheme. The buy-back demonstrates the company’s strategy to manage its capital and potentially increase shareholder value over time.
For further insights into AU:NWS stock, check out TipRanks’ Stock Analysis page.
