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ABB - Abb News Story

$34.11 0.3  1.0%

Last Trade - 07/05/21

Sector
Industrials
Size
Large Cap
Market Cap £49.21bn
Enterprise Value £50.49bn
Revenue £19.19bn
Position in Universe 188th / 6858

BRIEF-ABB Launches $4.3 Bln Share Buyback Program

Thu 8th April, 2021 5:53am
April 8 (Reuters) - Abb Ltd  ABBN.S :
    * SAYS ABB LAUNCHES NEW SHARE BUYBACK PROGRAM
    * SAYS ABB WILL LAUNCH ON APRIL 9, 2021 ITS PREVIOUSLY
ANNOUNCED
FOLLOW-UP SHARE BUYBACK PROGRAM OF UP TO $4.3 BILLION
    * SAYS BASED ON CURRENT SHARE PRICE THIS REPRESENTS A
MAXIMUM OF
APPROXIMATELY 137 MILLION SHARES
    * SAYS HE MAXIMUM NUMBER OF SHARES THAT MAY BE REPURCHASED
UNDER
THIS NEW PROGRAM ON ANY GIVEN TRADING DAY IS 1,543,644.
    * SAYS THIS FOLLOW-UP PROGRAM IS PART OF ABB'S PLAN TO
RETURN $7.8
BILLION OF CASH PROCEEDS FROM POWER GRIDS DIVESTMENT TO
SHAREHOLDERS

Source text for Eikon:  ID:nWkr131ZBK 
Further company coverage:  ABBN.S 

 (Reporting By Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))
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