Stellantis Has Signed A Share Buyback Agreement For The Third Tranche Of Its Program With An Independent Investment Firm Covering A Maximum Of Up To €500M Starting September 11 And Ending No Later Than December 11, 2023
Portfolio Pulse from Benzinga Newsdesk
Stellantis has signed a share buyback agreement for the third tranche of its program with an independent investment firm. The agreement covers a maximum of up to €500M and will start on September 11, ending no later than December 11, 2023.
September 11, 2023 | 8:33 am
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Stellantis' share buyback program could potentially increase the company's stock price as it reduces the number of shares in circulation.
Share buybacks often lead to an increase in a company's stock price as they reduce the number of shares in circulation, thereby increasing earnings per share. This could potentially make the company's stock more attractive to investors, leading to an increase in demand and subsequently, the stock price.
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