Autoliv Reduces Outstanding Shares After Retiring Over 1.3M Repurchased Shares
Portfolio Pulse from Benzinga Newsdesk
Autoliv, Inc. has reduced its outstanding shares by retiring over 1.3 million repurchased shares, resulting in 78,750,609 shares outstanding as of September 30, 2024.
September 30, 2024 | 6:41 am
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POSITIVE IMPACT
Autoliv has retired over 1.3 million repurchased shares, reducing the total number of outstanding shares to 78,750,609. This action could positively impact the stock price by increasing earnings per share and shareholder value.
By retiring shares, Autoliv reduces the number of shares outstanding, which can lead to an increase in earnings per share (EPS) and potentially boost the stock price. This is a positive signal for investors as it indicates a focus on enhancing shareholder value.
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