Criteo Increases Share Buyback Authorization by $150M
Portfolio Pulse from Benzinga Newsdesk
Criteo's Board of Directors has approved a $150 million increase in its share buyback program, raising the total authorization to $630 million for repurchasing its American Depository Shares.
February 07, 2024 | 12:07 pm
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Criteo has expanded its share buyback program by $150 million, increasing the total buyback authorization to $630 million.
Share buyback programs typically signal a company's confidence in its own financial health and future prospects. By increasing its share buyback authorization, Criteo is indicating a strong belief in its value, which could lead to increased investor confidence and potentially drive up the stock price in the short term.
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