Autoliv Retires Over 1.3M Shares, Updates Outstanding Shares Count
Portfolio Pulse from Benzinga Newsdesk
Autoliv, Inc. (NYSE: ALV) announced the retirement of 1,309,606 shares of common stock, reducing the total issued shares to 84,816,615 and outstanding shares to 80,079,757. The company holds 4,736,858 shares in treasury with no voting or distribution rights.
June 28, 2024 | 7:40 am
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Autoliv retired 1,309,606 shares, reducing the total issued shares to 84,816,615 and outstanding shares to 80,079,757. This reduction in outstanding shares could positively impact the stock price.
The retirement of shares reduces the number of outstanding shares, which can increase the value of remaining shares due to a lower supply. This is generally seen as a positive move for shareholders.
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