Clarivate Approves Up to $500 Million Share Buyback Plan

MT Newswires Live

2024/12/16

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 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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