Avolta shares jump on CHF 200 mln buyback plan By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2025
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Should l Buy ?
Source: Investing.com
Avolta's Share Buyback Announcement: Avolta shares rose over 8% after the company announced a CHF 200 million share buyback program, set to begin before January 31, 2025, and end by December 31, 2025.
Objective of the Buyback Program: The initiative aims to enhance shareholder value by reducing outstanding shares and reflects Avolta's strong financial position and commitment to efficient capital allocation as part of its 'Destination 2027' plan.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
