Why Does News Corp's (ASX:NWS) Repurchase Program Exclude ASX Holders?
Kalkine Media
News Corporation (ASX:NWS) has clarified that its share repurchase program applies exclusively to its Nasdaq-listed shares, explicitly excluding Australian holders of Chess Depository Interests (CDIs) from participating. This distinction is crucial for local investors, highlighting the unique cross-market structure of the global media group. The disclosure emphasizes that corporate actions like this repurchase can be tailored to the primary listing, even for companies with a broad international
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