Hilton Worldwide Holdings Inc. (HLT) announced on Thursday that its Board of Directors has approved an additional $3.5 billion for the repurchase of common stock within its existing buyback program. This decision raises the total authorization for future buybacks to approximately $4.8 billion.
Hilton has stated that these share repurchases may occur through open market transactions, privately negotiated deals, or other methods as the company deems appropriate.
The hospitality company emphasized that the scale and timing of any stock buybacks under this program will be influenced by several considerations, including available liquidity, cash flow, and prevailing market conditions.
