News Corporation (NWSA, Financial) has provided an update on its ongoing stock repurchase program, as disclosed in a recent Form 8-K filing with the United States Securities and Exchange Commission. The company is authorized to repurchase up to $1 billion of its outstanding Class A and Class B common stock. This strategic initiative is part of News Corporation's efforts to enhance shareholder value and optimize its capital structure.
Under the rules of the Australian Securities Exchange (ASX), News Corporation is required to disclose daily transactions related to the repurchase program. This information is also included in the company's quarterly and annual reports, ensuring transparency and compliance with regulatory requirements.
The company has reiterated its commitment to the repurchase program, emphasizing that any forward-looking statements are made as of the date of the report and that there is no obligation to update these statements unless required by law or regulation.
For more detailed information on the stock repurchase program and other financial disclosures, investors are encouraged to review the full Form 8-K filing available on the SEC's website.
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