PSHZF - Pershing Square Holdings adopts $100M stock buyback program
2023-06-07 16:27:54 ET
- Pershing Square Holdings ( OTCPK:PSHZF ) announced on Wednesday a buyback program for $100M of its public shares outstanding on the London Stock Exchange and Euronext Amsterdam, a move that's expected to increase its net asset value per share and reduce its capital.
- Since Pershing Square ( OTCPK:PSHZF ) started its first share buyback program in May 2017, it has repurchased 60.1M PSH Public Shares for a total of $1.14B at an average price of $18.90.
- The maximum number of shares to be repurchased under the program is $100M or 5.0M PSH Public Shares.
- Last month, SA analyst FinanzUni took a deep dive into the discount dilemma of Pershing Square.
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Pershing Square Holdings adopts $100M stock buyback program