Medtronic Authorizes $5B For Share Repurchases
Portfolio Pulse from Benzinga Newsdesk
Medtronic's board has authorized an additional $5 billion for share repurchases, adding to the remaining $1.9 billion from its March 2019 authorization. There is no set time frame for the completion of these repurchases.
March 07, 2024 | 9:51 pm
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Medtronic has authorized an additional $5 billion for share repurchases, supplementing the $1.9 billion left from its 2019 authorization, with no fixed timeline for these repurchases.
Share repurchase programs typically signal a company's confidence in its own financial health and often lead to a positive market perception, potentially driving up the stock price in the short term. Given the substantial amount authorized by Medtronic, this could be seen as a strong positive signal to the market.
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