Clarivate Announces New $500 Million Share Repurchase Authorization
Clarivate Plc Ordinary Shares (CLVT)
Company Research
Source: PR Newswire
LONDON, Dec. 16, 2024 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT) (the "Company" or "Clarivate"), a leading global provider of transformative intelligence, today announced that its Board of Directors (the "Board") authorized a new share repurchase program of up to $500 million of the Company's outstanding ordinary shares through open-market purchases for a period of two years, from January 1, 2025 through December 31, 2026.The new share repurchase program replaces the current share repurchase program which terminates December 31, 2024, under which the Company repurchased $300 million of ordinary shares, including $200 million during the third and fourth quarters of 2024.Clarivate also announced that it prepaid $75 million of term-loan debt so far during the fourth quarter, bringing total prepayments in 2024 to $133 million."As we execute against our Value Creation Plan, we expect to deploy capital to the most value enhancing opportunities," said Matti Shem Tov, Chief Executive Officer o
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News
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CLVT
Earnings
- 11/6/24 - Beat
CLVT
Sec Filings
- 12/16/24 - Form 8-K
- 12/13/24 - Form 8-K/A
- 12/5/24 - Form SC
- CLVT's page on the SEC website