ABB to Repurchase Shares for Up to $1 Billion in Fresh Buyback
March 23 2023 - 12:17PM
Dow Jones News
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)
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