A.O. Smith To Divest Majority China Business Stake, Reward Shareholders
A.O. Smith China deal unlocks cash for buybacks as investors watch earnings, technical signals and analyst targets.
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Why It Matters
A.O. Smith is selling most of its China business to get cash. The company plans to use that money to buy back its own stock and reward shareholders.
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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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