Anterix Announces Authorization Of A New $250 Million Share Repurchase Program Over Three-Year Period
Portfolio Pulse from Benzinga Newsdesk
Anterix has announced the authorization of a new $250 million share repurchase program over a three-year period.
September 22, 2023 | 11:06 am
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Anterix's new $250 million share repurchase program could potentially increase the company's stock price.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock, as it's essentially investing in itself. This could potentially lead to an increase in Anterix's stock price as it indicates that the company believes its stock is undervalued. However, the actual impact will depend on various factors including market conditions and investor sentiment.
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IMPORTANCE 80
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