By Sabela Ojea
Pershing Square Holdings said it is buying back public outstanding shares worth $250 million on the London Stock Exchange and Euronext Amsterdam index.
The investment holding company on Wednesday said its stock-repurchase program is expected to be accretive to net asset value per share and will reduce its capital.
The program is expected to last until PSH’s next annual general meeting, but may end earlier depending on exchange liquidity. Its most recent annual meeting took place in May.
Since 2017, PSH has bought back 62.9 million of shares for $1.24 billion.
Write to Sabela Ojea at [email protected]
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