AI English summary of an SEC filing — figures as filed
News Corp NWSThe company said its Repurchase Program authorizes it to buy back up to US$1 billion in the aggregate of Class A and Class B common stock.
Key points
AI summaryThe company said its Repurchase Program authorizes it to buy back up to US$1 billion in the aggregate of Class A and Class B common stock.
The company disclosed that on the previous day, 27/11/2024, it bought back 13,659 Class A common shares for a total consideration of US$397,896.23. Before that day, it had bought back 20,250,154 shares for a total consideration of US$402,371,098.53.
News Corp said it has bought back approximately US$604,932,799.83 of Class A and Class B shares to date, based on total consideration paid. It said the prices paid before the previous day ranged from a low of US$14.88 to a high of US$30.01.
The company said it intends to repurchase Class A and Class B shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock. BofA Securities, Inc. is the broker, and the company gave the reason as "To enhance shareholder value."
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
News Corp Approves US$1 billion Share Repurchase Program
The company said its Repurchase Program authorizes it to buy back up to US$1 billion in the aggregate of Class A and Class B common stock.
Source · Based on the filing body and exhibits
Class A Common Stock Daily Buyback Activity
The company disclosed that on the previous day, 27/11/2024, it bought back 13,659 Class A common shares for a total consideration of US$397,896.23. Before that day, it had bought back 20,250,154 shares for a total consideration of US$402,371,098.53.
Source · Based on the filing body and exhibits
Cumulative Buybacks and Price Range
News Corp said it has bought back approximately US$604,932,799.83 of Class A and Class B shares to date, based on total consideration paid. It said the prices paid before the previous day ranged from a low of US$14.88 to a high of US$30.01.
Source · Based on the filing body and exhibits
Buyback Method, Broker and Reason
The company said it intends to repurchase Class A and Class B shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock. BofA Securities, Inc. is the broker, and the company gave the reason as "To enhance shareholder value."
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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