MRC Global Announces $125 Million Share Repurchase Program
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MRC Global Inc. has announced a $125 million share repurchase program, set to expire on January 2, 2028. The program allows the company to buy back its common shares through various methods, adhering to federal securities laws.
January 03, 2025 | 11:45 am
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MRC Global Inc. has initiated a $125 million share repurchase program, which is likely to positively impact the stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
Share repurchase programs often lead to a positive impact on stock prices as they reduce the number of shares outstanding, potentially increasing earnings per share and signaling management's confidence in the company's future. This program is significant given its size and duration.
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