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ABB ABB Ltd

37.13
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
ABB Ltd NYSE:ABB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 37.13 0 00:00:00

ABB to Repurchase Shares for Up to $1 Billion in Fresh Buyback

23/03/2023 5:17pm

Dow Jones News


ABB (NYSE:ABB)
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By Joshua Kirby

 

ABB Ltd. said Thursday that it will buy back shares of up to $1 billion, having completed a previous buyback program launched last year.

The buyback will be launched next month and should run until next year's annual shareholders' meeting, the Swiss technology firm said. The move follows the completion of a share repurchase of around $2 billion over the past year, the company said.

The program is consistent with ABB's capital-allocation principles, it added.

 

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

 

(END) Dow Jones Newswires

March 23, 2023 13:02 ET (17:02 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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