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Primarily, they use short sales, an arrangement in which a stock borrowed from a broker is sold with the understanding that it will be repurchased later.
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The other $1 billion of stock will be repurchased in the next 12 months, Genzyme said.
Now, most auction-rate securities held by retail investors will be repurchased.
Shares will be repurchased in the open market and funded through cash, cash equivalents and available-for-sale securities, and are primarily intended to help offset dilution from stock-based employee compensation plans.
Under such arrangements, the central bank essentially buys securities from banks for a short time with an agreement that they will be repurchased later.
It'll additionally be repurchasing $507 million in common stock.
When Alibaba goes public, it will be required either to repurchase one-quarter of Yahoo!'s current stake at the IPO price or allow Yahoo! to sell those shares in the IPO.
Including interest it must pay, it will be out $639 million from these deals, and have issued at least 10 million more shares than it repurchased.
Short-selling lets investors sell borrowed shares in the hope that their price will fall and that they could then be repurchased more cheaply, allowing the investors to pocket the difference.
The actual amount VW will spend will depend on how many vehicles are repurchased.
A proposed $500m share buyback will now stop, after $370m was repurchased.
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