Reece Limited Announces $250 Million Share Buy-Back
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Reece Limited (AU:REH) has announced a $250 million off-market share buy-back, demonstrating the Board's confidence in its long-term strategy and financial position. This buy-back aims to return excess capital to shareholders while ensuring financial flexibility for future growth. The initiative is open to eligible shareholders in various jurisdictions, with the final price determined by market conditions. Currently, the stock has a Sell rating with a price target of A$10.10. Reece Group is a major distributor of plumbing and HVAC-R products, operating over 900 branches across Australia, New Zealand, and the U.S.
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