ResMed Announces $450M Accelerated Share Repurchase Agreement With Citibank
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000943819/000119312526378487/d530283d8k.htm
ResMed is buying back $450 million of its own stock from a bank, which means the company thinks its stock is a good value right now. When a company buys its own shares, it can be a sign that leaders believe the business is doing well and the stock price is fair.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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