Gold75
2021-12-16
Good move. Pls like Tq
Novartis jumped over 3% in premarket trading as it launched new shares buyback of up to $15 bln
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Pls like Tq","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/690873969","repostId":1126164577,"repostType":4,"repost":{"id":"1126164577","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639646138,"share":"https://www.laohu8.com/m/news/1126164577?lang=&edition=full","pubTime":"2021-12-16 17:15","market":"us","language":"en","title":"Novartis jumped over 3% in premarket trading as it launched new shares buyback of up to $15 bln","url":"https://stock-news.laohu8.com/highlight/detail?id=1126164577","media":"Tiger Newspress","summary":"Novartis jumped over 3% in premarket trading as it launched new shares buyback of up to $15 bln.Nova","content":"<p>Novartis jumped over 3% in premarket trading as it launched new shares buyback of up to $15 bln.<img src=\"https://static.tigerbbs.com/7efcb788671a6965cf04c7ebd432ebe9\" tg-width=\"766\" tg-height=\"560\" width=\"100%\" height=\"auto\">Novartis AG is launching a new share buyback worth up to $15 billion to be executed by the end of 2023, it said on Thursday, adding it was confident in its top-line growth and deep pipeline.</p>\n<p>The buyback is funded through the $20.7 billion the Swiss drugmaker raised by selling its nearly one-third voting stake in Roche back to its cross-town rival last month, Novartis said, adding its capital allocation strategy aimed to combine investing in core business and returning excess capital to shareholders.</p>\n<p>Novartis said it had the flexibility to return value to shareholders \"without compromising the company's capacity for value-creating bolt-on M&A, whilst providing a strong, growing dividend and reinvesting in the business\".</p>\n<p>The Swiss company confirmed it expected sales to grow by 4% or more through 2026.</p>\n<p>The share buyback, to be executed on a second trading line, is expected to start within days.</p>\n<p>Novartis will ask shareholders to approve an additional 10 billion Swiss franc ($10.81 billion) buyback authority at the annual general meeting on March 4 to cover the amount exceeding the 8.8 billion francs still available under the existing shareholder authority granted in 2021, the company said.</p>\n<p>($1 = 0.9252 Swiss francs)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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