News Corporation has cancelled 380,064 Class A shares on the ASX as part of a buy-back process, which slightly reduces the company’s issued capital and increases the relative ownership stake of remaining shareholders. This move is a routine capital management activity, aligning with common media industry practice. An analyst rating on News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) stock issued a Buy rating with a A$53.00 price target.
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News Corp Cancels 380,064 Class A Shares in ASX Buy-Back
News Corporation has cancelled 380,064 Class A shares on the ASX as part of a buy-back process, which slightly reduces the company’s issued capital and increases the relative ownership stake of remaining shareholders. This move is a routine capital management activity, aligning with common media industry practice. An analyst rating on News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) stock issued a Buy rating with a A$53.00 price target.