Aptiv Reveals New $5B Authorization And $3B Accelerated Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Aptiv has announced a new $5 billion share repurchase program, which includes an immediate $3 billion accelerated share repurchase. The program will be funded through cash on hand and proceeds from debt.

August 01, 2024 | 10:49 am
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Aptiv's new $5 billion share repurchase program, including a $3 billion accelerated buyback, is likely to positively impact the stock price in the short term. The buyback will be funded through cash on hand and debt.
Share repurchase programs typically reduce the number of outstanding shares, which can increase earnings per share and often lead to a higher stock price. The immediate $3 billion accelerated buyback indicates a strong commitment to returning value to shareholders.
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