GM CFO Says Company Is Targeting Getting Below 1B Outstanding Shares By Early 2025
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) is aiming to reduce its outstanding shares to below 1 billion by early 2025, as stated by the company's CFO during an Investor Day event.
October 08, 2024 | 7:53 pm
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General Motors is targeting a reduction in its outstanding shares to below 1 billion by early 2025. This move could potentially increase the value of existing shares and signal confidence in the company's financial health.
Reducing the number of outstanding shares typically increases the value of remaining shares, as it indicates a share buyback or similar action. This can be seen as a positive signal to investors, suggesting that the company is confident in its financial position and future prospects.
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