Indivior Announces Accelerated $100M Share Repurchase Program, Targeting Completion Within Six Months
Portfolio Pulse from Benzinga Newsdesk
Indivior PLC has announced a new $100 million share repurchase program, expected to be completed within six months. The program aims to repurchase Indivior's ordinary shares and is set to be completed by the end of July.
July 25, 2024 | 6:13 am
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Indivior PLC has announced a $100 million share repurchase program, which is expected to be completed within six months. This move is likely to positively impact the stock price in the short term as share repurchase programs typically reduce the number of outstanding shares, potentially increasing earnings per share (EPS) and signaling confidence from the management.
Share repurchase programs generally lead to a reduction in the number of outstanding shares, which can increase EPS and often signal management's confidence in the company's future. This is likely to have a positive short-term impact on Indivior's stock price.
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