Reported 4 days ago
A.P. Moller-Maersk has successfully repurchased nearly $600 million of its own shares as part of a planned $1 billion buyback program. Initiated in February, this first phase will conclude in August and includes the acquisition of both A and B shares, making up 3.16% of the company's capital. The buyback aims to enhance earnings per share and offers tax benefits to U.S. investors, despite Maersk recently adjusting its growth forecast for global container volumes due to trade issues.
Source: YAHOO