Elliott Releases Statement Regarding Texas Instruments' Capital Management Event; Says 'We Appreciate Our Ongoing, Constructive Dialogue With Texas Instruments, And We Believe Today's Off-Cycle Capital-management Event Is Another Positive Step Toward The Goal Of Long-term Value Creation For All Shareholders'
Portfolio Pulse from Benzinga Newsdesk
Elliott commends Texas Instruments for its capital management update, highlighting TI's commitment to long-term growth and free cash flow. TI plans to achieve $12 per share of free cash flow by 2026 and has a flexible capex strategy. Elliott supports TI's strategy for US-based semiconductor capacity.
August 20, 2024 | 5:18 pm
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Texas Instruments' capital management update is positively received by Elliott, emphasizing TI's focus on long-term growth and free cash flow. TI aims for $12/share free cash flow by 2026 and has a flexible capex plan.
Elliott's positive response to TI's capital management update suggests confidence in TI's strategy, likely boosting investor sentiment. The focus on long-term growth and free cash flow, along with a flexible capex plan, aligns with shareholder interests, potentially driving stock prices up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100