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News Corp (NASDAQ:NWSA) (NASDAQ:NWSA, NASDAQ:NWS), the $17.67 billion media conglomerate, reported Thursday that it continues to provide daily disclosures to the Australian Securities Exchange (ASX) regarding its ongoing stock repurchase program. The company is authorized to repurchase up to $1 billion in aggregate of its outstanding Class A and Class B common stock. According to InvestingPro data, the stock has gained 8.1% year-to-date and is currently trading near its 52-week high of $30.69.
According to the press release statement included in the SEC filing, News Corp is required under ASX rules to disclose any transactions related to the repurchase program on a daily basis. The company also provides updates on the program in its quarterly and annual reports.
The filing states that information provided to the ASX includes forward-looking statements about the company’s intent to repurchase shares from time to time. News Corp noted that these statements are based on current expectations and are subject to change due to factors such as market price of the company’s stock, market conditions, applicable securities laws, and alternative investment opportunities.
No additional financial statements or specific transaction details were disclosed in the filing. The information is based on a press release statement included in the company’s Form 8-K filed with the Securities and Exchange Commission.
In other recent news, News Corp has provided updates on its ongoing stock repurchase program, which authorizes the company to buy back up to $1 billion of its Class A and Class B common shares. The company is required to disclose daily transactions related to this program to the Australian Securities Exchange (ASX) under ASX rules. News Corp also includes updates about the repurchase program in its quarterly and annual reports. The information submitted to the ASX contains forward-looking statements regarding the company’s intent to repurchase shares from time to time. These statements are based on current management expectations and are subject to change due to factors like market conditions and applicable securities laws. News Corp clarified that it does not undertake any obligation to update forward-looking statements except as required by law. The company reiterated that these disclosures are attached as exhibits in their filings with the Securities and Exchange Commission. This information is based on recent press release statements and SEC filings.
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