CNH Industrial Voluntary Delists From Euronext Milan; Announces Up To $1B Share Buyback Program
Portfolio Pulse from Benzinga Newsdesk
CNH Industrial N.V. (NYSE:CNHI) has announced its decision to delist from Euronext Milan and concentrate its listing on NYSE. The decision was made after a review of trading volumes on both exchanges, which showed that the majority of CNH's stock trading has shifted to NYSE. The company also announced a share buyback program of up to $1 billion.
November 07, 2023 | 7:56 am
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POSITIVE IMPACT
CNH Industrial's decision to delist from Euronext Milan and focus on NYSE listing, along with the announcement of a $1B share buyback program, could potentially increase liquidity and investor focus.
The decision to concentrate on NYSE listing could potentially increase the liquidity of CNH's shares, as the majority of its trading has shifted to NYSE. The announcement of a $1B share buyback program could also be seen as a positive signal by investors, potentially driving the stock price up in the short term.
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IMPORTANCE 80
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