OpenText Increases Share Repurchase Program to US$450 Million and Establishes Automatic Share Purchase Plan
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OpenText has increased its share repurchase program by $150 million, bringing the total to $450 million, and established an automatic share purchase plan.
March 13, 2025 | 9:15 pm
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OpenText has increased its share repurchase program by $150 million, totaling $450 million, and established an automatic share purchase plan. This move could positively impact the stock price by reducing the number of shares outstanding and signaling confidence in the company's value.
The increase in the share repurchase program suggests that OpenText is confident in its financial health and believes its shares are undervalued. This action can lead to a reduction in the number of shares outstanding, potentially increasing the stock price. The establishment of an automatic share purchase plan further supports this strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100