WTW Increases Share Repurchase Program by $1 Billion
WTW (NASDAQ: WTW) announced its Board of Directors has approved a $1 billion increase to its existing share repurchase program. This addition complements the approximately $660 million remaining from the current open-ended repurchase authority. The company's decision to repurchase shares will be based on various factors, including market conditions, legal requirements, and business considerations.
WTW (NASDAQ: WTW) ha annunciato che il suo Consiglio di Amministrazione ha approvato un incremento di 1 miliardo di dollari al suo programma di riacquisto di azioni esistente. Questa aggiunta integra i circa 660 milioni di dollari rimasti dalla corrente autorità di riacquisto aperta. La decisione dell'azienda di riacquistare azioni sarà basata su vari fattori, inclusi le condizioni di mercato, i requisiti legali e le considerazioni aziendali.
WTW (NASDAQ: WTW) anunció que su Junta Directiva ha aprobado un incremento de 1 mil millones de dólares a su programa existente de recompra de acciones. Esta adición complementa los aproximadamente 660 millones de dólares que quedan de la autoridad de recompra abierta actual. La decisión de la empresa de recompra de acciones se basará en varios factores, incluidas las condiciones del mercado, los requisitos legales y las consideraciones comerciales.
WTW (NASDAQ: WTW)는 이사회의 승인을 받아 기존 주식 매입 프로그램에 10억 달러 증가를 발표했습니다. 이 추가는 현재의 개방형 매입 권한에서 남아 있는 약 6억 6천만 달러를 보완합니다. 회사의 주식 매입 결정은 시장 조건, 법적 요건 및 비즈니스 고려 사항을 포함한 여러 요소를 기반으로 할 것입니다.
WTW (NASDAQ: WTW) a annoncé que son Conseil d'Administration a approuvé une augmentation de 1 milliard de dollars de son programme de rachat d'actions existant. Cette addition complète les environ 660 millions de dollars restants de l'autorité de rachat ouverte actuelle. La décision de l'entreprise de racheter des actions sera basée sur divers facteurs, y compris les conditions du marché, les exigences légales et les considérations commerciales.
WTW (NASDAQ: WTW) hat angekündigt, dass der Vorstand eine Erhöhung um 1 Milliarde US-Dollar für das bestehende Aktienrückkaufprogramm genehmigt hat. Diese Ergänzung ergänzt die verbleibenden ca. 660 Millionen US-Dollar aus der aktuellen offenen Rückkaufsbehörde. Die Entscheidung des Unternehmens, Aktien zurückzukaufen, basiert auf verschiedenen Faktoren, einschließlich der Marktbedingungen, rechtlichen Anforderungen und geschäftlichen Überlegungen.
- Board approved additional $1 billion for share repurchases
- Substantial existing buyback capacity of $660 million still available
- Total combined buyback authority of $1.66 billion shows strong financial position
- Large cash allocation to buybacks may reduce funds available for business investments or acquisitions
Insights
The
Share repurchases typically support stock prices by reducing the number of shares in circulation and increasing earnings per share. The open-ended nature of the authorization provides flexibility in timing and execution, allowing management to opportunistically buy back shares when they believe the stock is undervalued. This move also suggests that management views the current stock price as attractive and believes investing in their own shares offers good value compared to other potential uses of capital.
LONDON, Nov. 22, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, announced that its Board of Directors approved an increase to the existing share repurchase authority in the amount of
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.
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Claudia De La Hoz | claudia.delahoz@wtwco.com
WTW FORWARD-LOOKING STATEMENTS
This document contains ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include information about future share repurchase activity. Such statements are based upon the current beliefs and expectations of our management and are subject to significant risks, uncertainties, events and factors that could cause our actual results or performance to differ materially from those in the forward-looking statements contained in this document. For more information about such risks, please see Part I, Item 1A in our Annual Report on Form 10-K, and our subsequent filings with the SEC. Copies are available online at www.sec.gov or www.wtwco.com. Our forward-looking statements speak only as of the date made, and we will not update these forward-looking statements unless the securities laws require us to do so.
FAQ
How much did WTW increase its share repurchase program by in November 2024?
What is the total available share repurchase authority for WTW after the November 2024 increase?
What factors will WTW consider for share repurchases?
