Millicom (Tigo) share repurchase activity
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Millicom (Tigo) has repurchased 455,000 of its Swedish Depository Receipts (SDRs) as part of its share repurchase program announced in November 2024. The repurchases were conducted on Nasdaq Stockholm by Citigroup Global Markets Limited.
December 23, 2024 | 2:30 pm
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POSITIVE IMPACT
Millicom (Tigo) has executed a share repurchase of 455,000 SDRs, potentially indicating confidence in the company's value and positively impacting stock prices.
The share repurchase program suggests that Millicom believes its shares are undervalued, which is often interpreted as a positive signal by the market. This can lead to a short-term increase in stock prices as it reduces the number of shares available, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90