Clarivate Announces New $500 Million Share Repurchase Authorization [Yahoo! Finance]
Clarivate Plc Ordinary Shares (CLVT)
Company Research
Source: Yahoo! Finance
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 (PRNewsfoto/Clarivate Analytics) 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 of Clarivate. "This new repurchase program is in line with this
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News
- Clarivate Announces New $500 Million Share Repurchase AuthorizationPR Newswire
- Clarivate Announces New $500 Million Share Repurchase AuthorizationPR Newswire
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- Clarivate Launches AI-Powered Patent Search Solution in Derwent [Yahoo! Finance]Yahoo! Finance
- Clarivate Launches AI-Powered Patent Search Solution in DerwentPR Newswire
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