Healthcare company Sanofi announces share buyback of up to 2 billion euros
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Sanofi, a French healthcare company, has announced a share buyback plan worth up to 2 billion euros ($2.1 billion) to be completed by the end of December.
February 07, 2025 | 6:30 am
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Sanofi has announced a share buyback plan worth up to 2 billion euros, which is expected to positively impact its stock price in the short term.
Share buybacks typically reduce the number of shares outstanding, which can increase earnings per share and often lead to a rise in stock prices. Sanofi's announcement of a significant buyback plan is likely to be viewed positively by investors, potentially boosting the stock price.
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