Thryv Announces $40M Inaugural Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Thryv has announced the initiation of its first share repurchase program, committing to buy back up to $40 million of its shares. This move is aimed at returning value to shareholders and reflects the company's confidence in its financial health and future prospects.
May 02, 2024 | 11:34 am
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Thryv's initiation of a $40 million share repurchase program signals strong confidence in its financial stability and future growth, potentially leading to an increase in shareholder value.
Share repurchase programs often lead to an increase in the stock price as they reduce the number of shares available in the market, making each share worth more. Additionally, it signals to the market that the company believes its stock is undervalued, which can further boost investor confidence.
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