A.P. Moller-Maersk, parent of shipping line Maersk, said it has bought back almost $600 million of a total planned $1 billion worth of its own shares in the first phase of a purchase program.
Copenhagen, Denmark-based Maersk (OTC: AMKBY) in February announced it planned to buy back a total of $2 billion worth of shares in two phases over 12 months.
The first phase of the buyback program began Feb. 7 and will run to August of this year. The shares to be acquired will be limited to a total market...
https://www.freightwaves.com/news/maersk-more-than-halfway-through-1b-stock-buyback