The company also said it plans to repurchase up to 7.5 million of its common shares.
Keeping with conventional wisdom, the BP share repurchase program should suggest the stock is cheap.
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As they repurchase shares, those remaining public shares will get a bump in value.
Avnet shares rallied Wednesday after the company unveiled plans for an aggressive stock repurchase plan.
The first step is the repurchase by Alibaba of up to one-half of Yahoo!'
ENGADGET: Yahoo to sell back half of its Alibaba stake for $7.1 billion
Alibaba will be required to close the repurchase with respect to at least one-quarter of Yahoo!'
ENGADGET: Yahoo to sell back half of its Alibaba stake for $7.1 billion
At the minimum price and assuming the initial repurchase of the full 20% stake, Yahoo!
ENGADGET: Yahoo to sell back half of its Alibaba stake for $7.1 billion
The company expects to continue to buy back shares consistent with its repurchase authorization.
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Viacom gets the option to repurchase the copyright from MPP at the end of the term.
With interest rates currently low, many companies are borrowing funds to repurchase corporate shares.
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At the current Yahoo share price levels, she says, it pays to repurchase the stock.
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Buffett has previously said that CEOs should repurchase only when shares fall below intrinsic value.
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Under orders from regulators, they were mostly unable to pay dividends and repurchase stock.
Fried is interested in the company because of the large scale of its share repurchase program.
The preset repurchase price gives Symphony and its co-investors an average return of 32% a year.
Gensler tells Bloomberg that the repurchase overnight index average could be an option as well.
Lastly, cash has been spent consistently on stock repurchase programs as well as cash dividends.
The share repurchase is the latest of several by Swiss companies awash with cash.
In October the group sent BofA a letter demanding that it repurchase the soured mortgage securities.
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Suppose the price goes up and the company does not follow through on the repurchase?
Should an investor worry that the stock has gone up a little after a repurchase announcement?
Among the many recent share repurchase announcements, I am currently recommending seven promising stocks to investors.
When such announcements are made, you must decipher if the repurchase will really enhance shareholder value.
The company expects to complete its current 300 million share stock repurchase program by mid-year or sooner.
Examples of secured funding include covered bonds, repurchase agreements and the European Central Bank's Long-Term Refinancing Operation.
The sale comes with the agreement that the seller will repurchase the securities at a higher price.
This means you can sell the stock at a gain and quickly repurchase without wash sale problems. 1.
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The Board recently approved a buyback program to repurchase up to one billion dollars of its shares.
Target realizes a higher repurchase or loyalty rate than Wal-Mart (ranks No. 10 overall), according to Vivaldi.
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Dell plans to resume its share repurchase program shortly after it announces third-quarter results Nov. 29, Frink said.
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