Post Holdings Plans New Share Repurchase Authorization Of $400M
Portfolio Pulse from Benzinga Newsdesk
Post Holdings announced a new $400 million share repurchase authorization, starting on June 7, 2023. The company had repurchased $189 million under its previous $300 million authorization, which was cancelled on June 6, 2023.
June 06, 2023 | 9:02 pm
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POSITIVE IMPACT
Post Holdings' new $400 million share repurchase authorization may lead to a short-term positive impact on its stock price.
Share repurchase programs are generally seen as a positive signal for investors, as they indicate that the company believes its stock is undervalued and has confidence in its future prospects. This new $400 million authorization may lead to increased demand for Post Holdings' shares, potentially driving up the stock price in the short term.
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IMPORTANCE 80
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