Clarivate Announces New $500 Million Share Repurchase Authorization
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Clarivate Plc has announced a new $500 million share repurchase program, replacing the current program that ends in December 2024. The new program will run from January 2025 to December 2026.
December 16, 2024 | 1:15 pm
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Clarivate Plc has authorized a new $500 million share repurchase program, set to begin in January 2025 and run through December 2026. This move replaces the current program, which ends in December 2024.
The announcement of a new $500 million share repurchase program is likely to positively impact Clarivate's stock price in the short term. Share repurchase programs often signal management's confidence in the company's future prospects and can lead to an increase in stock price due to reduced supply of shares in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100