Friday, the education and media company, Graham Holdings Company (GHC) announced that its Board has approved repurchasing of up to 500,000 shares of its Class B common stock.
This potential buyback could account for about 14.7% of the total Class B shares outstanding, which stood at 3,406,903 as of August 31, 2024.
Moreover, the company has not established a maximum price or time frame for these purchases.
Currently, GHC's stock is trading at $747.75, up 2.00% on the New York Stock Exchange.
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