• Agriculture company Corteva (NYSE:CTVA) said its board has authorized a $3B share repurchase program, effective immediately.
• CTVA shares were trading +1.44% Tuesday pre-market at $57.81.
• The company said the authorization does not expire, and gives management discretion in determining the conditions under which shares may be purchased.
• The new stock buyback program comes in addition to the company's existing $2B program announced in September 2022.
• The $2B share repurchase program had ~$750M remaining as of September 30, 2024.
• The company's shares may be repurchased periodically in open-market or private transactions.
• Source: Press Release

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