Brink's Announces $500M Buyback Program
Portfolio Pulse from Benzinga Newsdesk
Brink's has announced a $500 million buyback program. This move is expected to return value to shareholders by reducing the number of outstanding shares, which could potentially increase the price of remaining shares.
November 07, 2023 | 12:33 pm
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Brink's $500 million buyback program could potentially increase the price of its shares by reducing the number of outstanding shares.
Stock buybacks are generally seen as a positive signal by the market as they reduce the number of outstanding shares, which can increase earnings per share and, by extension, the share price. This is assuming the company's earnings remain constant or increase.
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