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The ruling does not state whether a company can adopt a repurchase plan at the time of (or after) a reorganization, and whether there is any limit on the number of shares that can be repurchased.
For example, our forward-looking statements include statements regarding our intentions to repurchase stock, the method and timing as well as the number of shares repurchased, related expenditures and the benefits of such transaction.
NYSE:PII) announced today that it has repurchased 3.
The number of shares to be repurchased will be subject to market conditions and is expected to be determined on or before December 8, 2006.
Each share repurchased pursuant to the repurchase offer will be subject to a repurchase fee equal to 2% of the net asset value per share, which will be deducted from the repurchase price to offset expenses related to the repurchase offer.