Darling Ingredients Approves Two-Year Extension And $500M Refresh For Share Repurchase Program On June 21
Portfolio Pulse from Benzinga Newsdesk
Darling Ingredients has approved a two-year extension and a $500 million refresh for its share repurchase program as of June 21.
June 24, 2024 | 8:21 pm
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Darling Ingredients has extended its share repurchase program by two years and added $500 million to it. This move is likely to boost investor confidence and support the stock price in the short term.
Share repurchase programs typically signal that a company believes its stock is undervalued and is a good investment. The $500 million refresh indicates a significant commitment to returning value to shareholders, which is likely to be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100