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Pershing Square Holdings will buy back 22,932 shares at an average price of $52.80 each.

PayoutRead the original at investegate.co.uk
Good for PS

PS bought shares below its reported $83.35 asset value per share, which can raise the asset value behind each remaining share. The 22,932-share purchase was small beside 172,214,925 public shares outstanding.

PS · Pershing Square Holdings, Ltd.

AI read · Good for PS

The AI's read

Paying less than the reported asset value means the company used less cash to remove each share than the assets tied to that share. That can leave a slightly larger asset claim for each share still held by the public. The purchase was small compared with the public share count, so the benefit is limited.

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