Informatica Inc. (INFA), Monday announced that the board has authorized a program to repurchase Class A common stock worth $400 million.
As per the authorization, the technology company aims to buy back approximately $100 million of its Class A common stock by the end of 2024.
The repurchases will be financed through the cash available with the company.
Currently, Informatica's stock is trading at $25.51, up 2.90 percent on the New York Stock Exchange.
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