News Corporation details $1B stock repurchase disclosures
News Corporation is updating investors on its existing stock repurchase programs, which authorize the company to buy back up to $1 billion in the aggregate of its Class A and Class B common stock.
Rhea-AI Filing Summary
News Corporation is updating investors on its existing stock repurchase programs, which authorize the company to buy back up to $1 billion in the aggregate of its Class A and Class B common stock.
The company is providing copies of the information it submits to the Australian Securities Exchange about any transactions under these programs, and notes that statements about future repurchases are forward-looking and may change based on stock price, market conditions, legal requirements and other risks described in its SEC reports.
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8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does News Corporation (NWS) disclose about its stock repurchase programs?
News Corporation describes existing stock repurchase programs that authorize it to acquire, from time to time, up to $1 billion in the aggregate of its outstanding Class A and Class B common stock.
How much stock is News Corporation (NWS) authorized to repurchase?
The company is authorized to acquire up to $1 billion in the aggregate of its outstanding Class A and Class B common stock under its stock repurchase programs.
Why are Australian Securities Exchange (ASX) disclosures included for News Corporation (NWS)?
Under ASX rules, News Corporation must provide daily disclosure of transactions under its repurchase programs. Copies of the information given to the ASX are attached as Exhibits 99.1 and 99.2.
What factors could affect News Corporation's (NWS) future stock repurchases?
The company notes that actual repurchases may differ from forward-looking statements due to changes in its stock price, general market conditions, applicable securities laws, alternative investment opportunities and other risks described in its SEC filings.
What exhibits are attached to this News Corporation (NWS) report?
Exhibit 99.1 and Exhibit 99.2 contain information provided to the Australian Securities Exchange on the dates noted in those exhibits, and Exhibit 104 is the cover page interactive data file embedded in the Inline XBRL document.
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