Tenaris Board Approves Share Buyback Program Of Up To $1.2B, To Be Executed Within A Year
Portfolio Pulse from Benzinga Newsdesk
Tenaris's board has approved a share buyback program of up to $1.2 billion, which is to be executed within a year.
November 01, 2023 | 9:58 pm
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POSITIVE IMPACT
Tenaris's new share buyback program of up to $1.2 billion could potentially increase the stock's value.
Share buyback 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 increase the demand for the stock, and therefore its price, in the short term.
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