ADM Says Board Authorized Repurchase Of Additional $2B Shares Under Existing 200M Share Repurchase Program That Runs Through 2024
Portfolio Pulse from Benzinga Newsdesk
ADM's board has authorized an additional $2B share repurchase under its ongoing 200M share repurchase program, set to run through 2024. As of December 31, 2023, about 52 million shares remain for repurchase. Since 2015, ADM has repurchased $8.6 billion of its stock under this program.
March 12, 2024 | 11:07 am
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ADM's board has approved an additional $2B for share repurchases, with 52 million shares left under the current program, highlighting a strong commitment to returning value to shareholders.
The authorization of an additional $2B for share repurchases by ADM's board is a positive signal to the market, indicating the company's confidence in its financial health and commitment to returning value to shareholders. This move is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price due to perceived company strength and reduced share supply.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100