Solidcore to Distribute $1.2 Billion to Shareholders via Share Buyback
Summary
Solidcore will pay $1.2 billion to shareholders as part of a share repurchase offer at $11.66 per share.
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Solidcore has announced that it will distribute a total of $1.2 billion to its shareholders as part of a tender offer to repurchase shares.
Under the terms of the buyback offer, the purchase price has been set at $11.66 per single share.
The initiative forms part of the company's capital allocation approach, enabling participating shareholders to realize value from their holdings.
Source: Kapital.kz
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