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EVENT: BTA Bank (BTAS) has access to about KZT40 billion (USD$271 million) of funding via repurchase transactions with the central bank as inflows of corporate and household deposits resumed, said BTA Chairman Anvar Saidenov.
Although governments may not be bound by FASB pronouncements, Statement 125 affects counterparties to repurchase transactions with governments and may change the nature of the underlying repurchase agreement from a buy-sell transaction to a collateralized loan.
This accelerated repurchase transaction is subject to customary terms and conditions and is expected to be completed in the first quarter of 2016.
This accelerated repurchase transaction, which is subject to customary terms and conditions, is expected to be completed in the first quarter of 2016.
NASDAQ: JBHT) announced today that it has agreed to repurchase approximately $100 million of its outstanding common stock in a privately negotiated accelerated stock repurchase transaction with Goldman, Sachs & Co.
Further, the company said that it signed a definitive agreement with Bank of America Merrill Lynch to buy USD40m total of its class A common stock under an accelerated stock repurchase transaction.
The Company intends to fund the stock repurchase transaction out of currently available cash.
Concurrently with the offering, the company said it will acquire about USD60m shares of its common stock from the NAB selling stockholder in an earlier disclosed share repurchase transaction, it added.
The repurchase transaction was effected pursuant to a previously announced authorization by Stifel Financial's Board of Directors to acquire shares of common stock to meet obligations under the company's employee benefit plans and for general corporate purposes.
In addition, the Board authorized the repurchase of five million shares of Bemis Company stock, supplementing the current buyback authorization, which will be substantially exhausted by the accelerated share repurchase transaction entered into on July 31, 2007.
AmerisourceBergen Corporation (NYSE:ABC) today announced it entered into an agreement effective today, August 2, 2007, to repurchase 5,445,436 shares of its common stock for $250 million in cash in an accelerated share repurchase transaction with Bank of America, N.
The company may buy back using different methods such as open market purchases, accelerated share repurchase programmes, privately negotiated transactions and structured repurchase transactions, it stated.