RSS Otis Worldwide Approves $2 Bln Buyback Plan

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 RSS Otis Worldwide Approves $2 Bln Buyback Plan

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Otis Worldwide Corporation (OTIS) announced on Thursday that its Board of Directors has approved a $2 billion share repurchase program, scheduled to commence on January 16, 2025. Simultaneously, the Board has decided to cancel the unexecuted balance of approximately $100 million from the previous authorization granted on December 1, 2022. The company retains the flexibility to execute these share repurchases based on market conditions and its own discretion, utilizing methods such as open market purchases, privately negotiated transactions, or other viable means.

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