Mercedes-Benz to Launch Share Buyback of Up to $3.24 Billion
Provided by
Dow Jones
By Mauro Orru
Mercedes-Benz Group plans to launch a share buyback program of up to 3 billion euros ($3.24 Billion), building on a separate buyback of up to EUR4 billion from last year.
The German luxury-car maker said Wednesday that the new program would start upon conclusion of the EUR4 billion buyback announced in February 2023.
The company said the new EUR3 billion program, whose amount doesn't include incidental costs, was aimed at buying and then canceling its own shares on the stock exchange.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
February 21, 2024 12:38 ET (17:38 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back