But neither does he rule out a share buy-back.
但是他也没有排除回购的可能。
Done well, a big debt buy-back can pocket market discounts and reduce debt burdens.
如果做得好，大规模债务回购可以获利于市场折价，降低债务负担。
Alternatively, Mr Riboud could opt for several smaller takeovers, or go for a share buy-back or special dividend.
作为选择，Riboud可能选择几个小的接受，也可能买回自己的股份或者额外红利。
Dropping a buy-back programme can be done on the quiet.A dividend cut is a very public statement of corporate weakness.
取消回购计划可能还会暗箱操作，但是股息的下挫可就公开地昭示了公司业绩的下降。
By shrinking the supply of shares in the market, the buy-back splurge played its own part in prolonging the bull market.
通过减少流通中股票供给，回购的挥霍行为也使自己成为了延长牛市的一部分。
Sometimes this will mean selling equity, a galling experience for those who spent a fortune on share buy-back programmes just a year or two ago.
有时这将意味着出售股权，这对于那些只是一年或两年以前花了大量资金回购股票的公司来说实在是一个难堪的经验。
A corporation can buy back its bonds by paying investors the face value (plus a sweetener).
公司可通过支付投资人债券票面价值（外加甜头）来买回自己的债券。
We had agreed to buy back anything we didn't sell, but we were dealing with huge numbers.
我们已经同意买回我们没有卖出去的东西，但我们要面对的是巨大的数额。
They have called on managers to use large cash reserves to increase dividends or buy back shares.
他们已经号召管理者用大量的现金储备来增加股息或者买回股份。
"You have to be willing to change direction," she says. "Now it makes sense to buy back our bottlers."
“你必须有改变方向的意愿，”她表示，“如今，回购我们的瓶装公司是合理的。”
Hence they sell the dollars and buy back their local currency.
因此他们卖出美元并买回他们的本国货币。
If conditions worsen, they may even have to buy back securities peddled to clients, as they are obliged to make markets in some of them.
如果情况恶化，他们甚至不得不买回股票并将其推销给客户，因为他们必需在市场中有一席之地。
When borrowers fail to keep up payments on mortgages in the pool that supports asset-backed loans, Fannie and Freddie must buy back the loan.
当借款者们不愿为这个支撑资产抵押贷款的蓄水池继续偿还贷款，两家公司就必须对贷款实行回购。
Despite denials that this strategy has been discussed, the Wallenbergs have the resources to buy back the shares of Investor, their main company.
尽管瓦伦堡家族否认了曾讨论过这个策略，但是他们的财力足以回购他们家族的主体公司，投资人集团的股票。
买回股票？
This comes when big railways are already using their spare cashflow to raise dividends and buy back shares.
许多大的铁路公司已经在用他们的周转现金来提高股息和买回股份。
But their debts increased all the same. American companies used debt to buy back their own shares; British businesses used it to purchase stakes in foreign firms.
但他们的债务却同时都增加了，美国公司利用债务去买回他们自己的股份；英国公司利用债务去收购外国公司的股权。
If the company's value does not rise above what Elevation paid in 2006, Forbes could buy back the stake and stick Elevation with a loss.
如果届时公司的价值没有上升到高地在2006年的交易价以上，则福布斯依然可以买回这些股权，而高地就蒙受了损失。
But Toledo can buy back the waterfront property at cost if nothing is built in five years.
但是如果开发商在五年之内没有建造任何东西的话，托莱多可以按原价买回滨水区的房产。
Analysts predicted Microsoft is more likely to use the funds to continue to buy back its stock, which has fallen more than 30% over the past year.
分析师们预计，微软更有可能用这笔资金继续回购股票；过去一年微软股价下跌了超过30%。
American companies used debt to buy back their own shares; British businesses used it to purchase stakes in foreign firms.
美国公司将债务买回自己的股份，英国公司则在外国公司购买股份。
But it didn't keep its promise to buy back those tombs.
但是他并没有遵守承诺买回这些墓地。
It would be illegal for them to buy back the shares.
他们要想买回股票是不可能的。
He could make a big acquisition or buy back shares.
他可能会进行大额并购或者回购股票。
Like many disgruntled holders of impaired mortgages, the GSEs have demanded that Banks buy back mortgages that did not meet initial guarantees of quality.
与很多不满的受损抵押持有者一样，房利美和房地美已经要求银行回购不符合最初担保质量的抵押品。
The computer company plans to buy back shares, in part, to offset dilution from employee stock plans.
这家计算机制造商计划用回购股票的方式，来部分的补偿其增发员工股的计划。
Berkshire Hathaway's slumping share price soared after its board decided to buy back some of the firm's own stock.
在董事会决定回购其部分股票后，美国保险公司伯克希尔•哈撒韦公司不断下滑的股价飙升。
The stock market slump has driven Japanese companies to buy back their own shares in near-record Numbers, in spite of their reputation for hoarding investors' cash.
尽管日本公司素有囤积投资者现金的名声，但股市暴跌已推动它们踊跃回购自身股份，数量接近历史纪录。
The stock market slump has driven Japanese companies to buy back their own shares in near-record Numbers, in spite of their reputation for hoarding investors' cash.
尽管日本公司素有囤积投资者现金的名声，但股市暴跌已推动它们踊跃回购自身股份，数量接近历史纪录。
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