Weekly share repurchase program transaction details
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SBM Offshore has reported details of its share repurchase program, involving EUR130 million (approximately US$140 million) for the week of March 6-12, 2025.
March 12, 2025 | 6:30 pm
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SBM Offshore has disclosed the details of its share repurchase program, amounting to EUR130 million (around US$140 million) for the week of March 6-12, 2025.
The announcement of a share repurchase program typically indicates that the company believes its stock is undervalued, which can lead to a positive short-term impact on the stock price. The program's size (EUR130 million) suggests a significant commitment to returning value to shareholders.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80