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Galderma repurchases shares worth $232.5M to support employee programs and boost share float.
Galderma, a leading dermatology company, plans to repurchase 2.38 million shares at CHF 97.75 each, totaling CHF 232.5 million.
This move, set to settle on June 2, aims to support employee programs and future business opportunities without impacting strategic plans.
The repurchase is funded by the company's current liquidity and is expected to increase the free float of Galderma's shares from 41.8% to 49.8%.
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Galderma recompra acciones por un valor de $232.5M para apoyar programas de empleados y aumentar la flotación de acciones.