BIT:DLGConsumer Durables
A Look At De'Longhi (BIT:DLG) Valuation After The Newly Announced €60 Million Share Buyback Program
What De'Longhi's New Buyback Means for Shareholders
De'Longhi (BIT:DLG) has authorized a share repurchase program of up to €60 million, equal to about 1.2% of its share capital, with purchases planned over a period of up to six months.
The company plans to buy shares within a price range capped at 15% above or below the recent three day reference price. This adds a new capital allocation lever alongside its existing treasury position of 1,756,513 shares.
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