American International Group Late Wednesday Announced Board Of Directors Increased Share Repurchase Authorization Up To $10B
Portfolio Pulse from Benzinga Newsdesk
American International Group (AIG) announced that its Board of Directors has approved an increase in its share repurchase authorization to up to $10 billion.
May 02, 2024 | 12:52 pm
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AIG's Board of Directors has increased the share repurchase authorization to $10 billion, signaling confidence in the company's financial health and a potential positive impact on shareholder value.
Increasing share repurchase authorization typically signals a company's confidence in its financial health and future prospects. For AIG, this move is likely to be viewed positively by investors as it suggests the company is in a strong position to return value to shareholders. This could lead to a short-term positive impact on AIG's stock price as it reflects the company's commitment to enhancing shareholder value.
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