Clarivate Approves Up to $500 Million Share Buyback Plan-March 2024-www.financetom.com

Clarivate Approves Up to $500 Million Share Buyback Plan

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Clarivate Approves Up to $500 Million Share Buyback Plan

Dec 16, 2024 6:35 AM

09:13 AM EST, 12/16/2024 (MT Newswires) -- Clarivate ( CLVT ) said Monday that its board has approved an up to $500 million share buyback plan to replace the current program.

The company said the new plan will be valid from Jan. 1, 2025, to Dec. 31, 2026.

Clarivate ( CLVT ) also said it prepaid $75 million of term-loan debt during Q4.

Shares of the company were up more than 9% in recent Monday premarket activity.

Price: 5.59, Change: +0.48, Percent Change: +9.39

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