CRH's $3B Share Buyback Journey Advances With Its Last $300M Tranche; Teams Up With Citigroup Global Markets
Portfolio Pulse from Benzinga Newsdesk
CRH has announced the final tranche of its $3 billion share buyback program, with a $300 million repurchase of ordinary shares listed on the New York Stock Exchange. The buyback, facilitated by Citigroup Global Markets Inc., will start on December 21, 2023, and conclude by February 28, 2024. This marks the completion of the program initially announced on March 2, 2023.
December 21, 2023 | 7:37 am
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CRH is concluding its $3 billion share buyback program with a $300 million repurchase. The buyback is expected to be completed by February 28, 2024.
Share buybacks often lead to a positive short-term impact on a company's stock price as they can indicate management's confidence in the company's financial health and future prospects. The repurchase reduces the number of outstanding shares, potentially increasing earnings per share and the stock's value.
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