Amarin Says Initiated Shareholder Approval Process To Execute Share Repurchase Program Of Up To $50M By End Of Q2 2024
Portfolio Pulse from Benzinga Newsdesk
Amarin Corporation has announced the initiation of a shareholder approval process for a share repurchase program, aiming to buy back up to $50 million worth of shares by the end of Q2 2024.
February 29, 2024 | 12:16 pm
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Amarin Corporation plans to repurchase up to $50 million of its shares by the end of Q2 2024, pending shareholder approval.
Share repurchase programs often signal a company's confidence in its future prospects and can lead to an increase in stock price due to the reduced share supply. However, the actual impact will depend on market conditions and the execution of the buyback.
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