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Related to repurchase: repo rate, Stock repurchase
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The analysis of results and implications of 200 firms that announced, conducted and completed share purchase programs from 1991 to 1996 are published in the study, The Share Repurchase Decision: Causes, Consequences and Implementation Guidelines.
In the ruling, the acquiring company, whose stock was widely held and publicly traded, had a stock repurchase plan in effect before engaging in a reorganization.
But CPAs and other financial executives who administer repurchase programs can't just pick up the phone and place an order with a broker to buy treasury stock, especially if they know that the company's earnings will soar or that it will soon announce a strategic decision apt to be popular on Wall Street.
The aggregate repurchase price for the convertible notes will be the total face value of the Notes outstanding on the date of repurchase, plus any accrued interest on the Notes as of that date, plus a pre-payment penalty of thirty percent (30%).
The Company expects to continue to return capital to its shareholders through its stock repurchase program and anticipates that it will repurchase and/or refinance a portion of its outstanding indebtedness during 2007.
5 % of the Fund's 16,881,479 outstanding shares of common stock on December 15, 2006 were submitted for repurchase and not withdrawn in connection with the repurchase offer.
By resuming our stock repurchase program, we are renewing our commitment to return cash to shareholders in accordance with our long term financial and operational strategy.
The Fund offered to repurchase up to 5% of its shares in the semi-annual repurchase offer.
Since the inception of the PBG's share repurchase program, the Company has repurchased approximately 117 million shares.
Under the accelerated share repurchase program, Dollar Tree will immediately pay $100 million and receive approximately 2.
The closing of the notes offering and share repurchase is expected to occur on December 13, 2006.
64 per share in connection with the accelerated share repurchase agreement with Goldman, Sachs & Co.