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Abode's board of directors authorized a new $25 billion stock buyback program.
Adobe's board authorized a $25 billion stock buyback program lasting through April 30, 2030.
KEY POINTS
- The buyback aims to reduce dilution from stock issuances and decrease overall share count.
- Adobe's CFO cited robust cash flow as justification for the large repurchase authorization.
- Adobe shares rose 1.2% in after-hours trading following the announcement despite being down 29% this year.
COMPANIES
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