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Clarivate Gains On News Of Share Repurchase

February 07, 2022 — 10:48 am EST

Written by RTTNews.com for RTTNews ->

(RTTNews) - 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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