L Catterton Agrees to Sell $100 Million of Shares Back to ODDITY
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ODDITY Tech Ltd. is repurchasing approximately 2.35 million Class A Ordinary Shares from L Catterton for $100 million, using existing cash resources.
November 13, 2024 | 10:30 pm
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POSITIVE IMPACT
ODDITY Tech Ltd. is repurchasing 2.35 million shares from L Catterton for $100 million, which may positively impact the stock price by reducing the number of shares outstanding.
The repurchase of shares typically reduces the number of shares outstanding, which can increase earnings per share and potentially boost the stock price. The use of existing cash resources indicates financial stability, which is a positive signal to investors.
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