Tenaris S.A. (TS) has announced a share buyback program of up to $1.2 billion, representing approximately 6.9% of outstanding shares based on the May 27, 2025 closing price. The program, authorized by shareholders and expected to launch in June 2025, will be executed over one year with the intention to cancel the acquired ordinary shares, potentially boosting EPS.
Tenaris S.A. has announced a substantial capital return initiative through a board-approved share buyback program of up to $1.2 billion. This program, based on the May 27, 2025, Milan Stock Exchange closing price, translates to approximately 74 million shares, or about 6.9% of Tenaris's currently outstanding shares. Critically, the company intends to cancel the ordinary shares acquired, a move generally aimed at enhancing earnings per share and overall shareholder value. The buyback is authorized under a shareholder resolution from May 6, 2025, permitting repurchases up to a maximum of 10% of the company's shares, providing potential for an even larger program than currently announced. Expected to launch in June 2025, the program will be executed over a one-year period through a primary financial institution. This action signals management's confidence in the company's valuation and financial strength, leveraging its resources to directly benefit shareholders.
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