Hamilton Announces Repurchase Of 9.12M Shares From Funds Affiliated With Blackstone At $12/Share
Portfolio Pulse from Benzinga Newsdesk
Hamilton has announced the repurchase of 9.12 million shares from funds affiliated with Blackstone at a price of $12 per share. This move is part of Hamilton's strategy to manage its share capital effectively.
May 08, 2024 | 10:31 pm
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Hamilton's repurchase of 9.12 million shares from Blackstone at $12 each could indicate a positive outlook by the company on its stock value.
The repurchase of shares often signals a company's belief that its stock is undervalued, which can lead to increased investor confidence and potentially a rise in stock price.
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