Ferrari: Announcement of the Seventh Tranche of the Multi-Year Share Repurchase Program by Participating as a Purchaser in Exor's Accelerated Bookbuild Offering
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Ferrari announced its participation in Exor's accelerated bookbuild offering, intending to repurchase up to 10% of Exor's total offering, with a maximum of Euro 300 million. This is part of Ferrari's multi-year Euro 2.0 billion share buyback program.
February 26, 2025 | 5:30 pm
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Ferrari is set to repurchase up to 10% of Exor's offering, up to Euro 300 million, as part of its ongoing Euro 2.0 billion share buyback program. This move is likely to positively impact Ferrari's stock price in the short term.
The announcement of a significant share repurchase as part of a larger buyback program is generally seen as a positive signal to the market, indicating confidence in the company's financial health and future prospects. This is likely to boost investor sentiment and positively impact Ferrari's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100