Autoliv Retires 1.65M Repurchased Shares, Reducing Issued Count by Over 2%
ALV sits 19% above its 52-week low of $99.16.
Summary
Autoliv has retired 1,647,002 shares of common stock repurchased during the quarter, decreasing the total issued shares to 75,654,373. This action follows the company's previously announced $2.5 billion share buyback program. The retirement represents a reduction of over 2% of the issued share count, a material capital action that enhances per-share metrics for existing shareholders.
At the time of this announcement, ALV was trading at $118.47 on NYSE in the Manufacturing sector, with a market capitalization of approximately $8.7B. The 52-week trading range was $99.16 to $132.17. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.