Shares of Clarivate Plc (CLVT) are rising more than 8% Monday morning after the analytics company announced share buyback of up to $1 billion.
The buyback will be carried out via open-market purchases, through December 31, 2023, the company said.
The current buyback will replace the one which was announced in August 2021, Clarivate added.
CLVT is at $16.13 currently. It has traded in the range of $14.43- $34.79 in the past 52 weeks.
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