Crown Holdings Authorizes $2B Share Repurchase Program Through The End Of 2027, Superseding The Previous Authorization Announced On December 9, 2021
Portfolio Pulse from Benzinga Newsdesk
Crown Holdings, Inc. (NYSE:CCK) has authorized a $2 billion share repurchase program through the end of 2027, replacing the previous authorization from December 2021. This move highlights the company's strong financial position and commitment to returning cash to shareholders.
July 29, 2024 | 12:45 pm
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Crown Holdings has authorized a $2 billion share repurchase program through 2027, replacing the previous authorization from December 2021. This indicates a strong balance sheet and cash flow, which is positive for shareholders.
The authorization of a $2 billion share repurchase program suggests that Crown Holdings has a strong balance sheet and cash flow. This is generally seen as a positive signal by investors, as it indicates confidence in the company's financial health and a commitment to returning value to shareholders.
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