MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM
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Matson, Inc. has announced the addition of 3 million shares to its existing share repurchase program, extending it to December 31, 2027. The program previously had 0.5 million shares remaining.
February 27, 2025 | 9:30 pm
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POSITIVE IMPACT
Matson, Inc. has expanded its share repurchase program by 3 million shares, extending it to December 31, 2027. This move could positively impact the stock price by reducing the number of shares available in the market.
The addition of 3 million shares to the repurchase program indicates Matson's confidence in its financial health and future prospects. Share buybacks typically reduce the number of shares available in the market, potentially increasing the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100