secwatch.observer — SEC 8-K summary
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Issuer:     CLARIVATE PLC (CLVT)
CIK:        0001764046
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001104659-23-063855
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarivate extends share buyback authorization to Dec 2024, reduces to $500M
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- Board reduced authorization from $1B to $500M and extended through Dec 31, 2024.
- Resumption of repurchases follows progress toward target leverage ratio under 4x net debt/EBITDA by end of 2023.
- Company will seek shareholder approval to buy up to 100M shares at $1-$35 per share in open market.
- CEO cites confidence in strategy and commitment to balanced capital allocation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1764046/000110465923063855/0001104659-23-063855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1764046/000110465923063855/tm2316630d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-063855

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer