By Colin Kellaher
Corteva's board has boosted the agriculture company's stock-buyback program by $3 billion.
Corteva on Tuesday said the new authorization adds to a $2 billion program that the Indianapolis company announced in 2022 and that had around $750 million remaining as of Sept. 30.
Corteva, which had nearly 687.3 million shares outstanding as of Oct. 31, sports a market capitalization topping $39 billion.
The company spent $750 million to buy back more than 13.8 million shares during the first nine months of the year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 19, 2024 08:26 ET (13:26 GMT)
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