Kyndryl Holdings rises after it announces $300 mln share repurchase program

Kyndryl Holdings

21/11/2024 15:52

** IT infrastructure services provider Kyndryl Holdings
 KD.N  shares up ~7.9% to $30.79
    ** KD announces a program to repurchase up to $300 mln of
its common shares 
    ** The co's management will determine timing and amount of
repurchase 
    ** Co said the repurchase program has no set expiration date
and can be suspended, modified or discontinued at any time
without prior notice 
    ** Including session's moves, stock up ~47% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))