Incyte Corporation Initiates $1.67 Billion Stock Repurchase Through Dutch Auction Tender
Monday, 13 May 2024, 11:30
Incyte Announces $1.67 Billion Stock Buyback
Incite Corporation has revealed its plan to repurchase $1.67 billion of its own stock through a Dutch auction tender. This strategic move aims to boost shareholder value and signal the company's confidence in its future prospects.
Stock Surges by 8% in Premarket Trading
The announcement of the buyback has already had a significant impact, with the stock price jumping by 8% in premarket trading. Investors are responding positively to this move, indicating strong market confidence in Incyte's strategy.
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