ABB To Start Up to $1 Billion Share Buyback Program on Monday
March 31 2023 - 4:49AM
Dow Jones News
By Pierre Bertrand
ABB Ltd on Friday said that it would start its previously
announced up to $1 billion share buyback program on Monday.
The planned buyback will be in effect from April 3 until March
20 of next year, the Swiss technology group said.
ABB said that it intends to cancel the repurchased shares.
The buyback was first announced last week and ABB said it
represents a maximum of approximately 30 million shares based on
the company's current share price.
This latest buyback follows the completion of its previous one
of approximately $2 billion launched in April of last year, ABB
said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
March 31, 2023 04:34 ET (08:34 GMT)
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