Abb launches new share buyback program

Zurich--(business wire)--abb will launch on april 9, 2021 its previously announced follow-up share buyback program of up to $4.3 billion. based on the current share price this represents a maximum of approximately 137 million shares. the maximum number of shares that may be repurchased under this new program on any given trading day is 1,543,644. this follow-up program is part of abb's plan to return $7.8 billion of cash proceeds from the power grids divestment to shareholders and is consistent
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