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Further confirmation comes from The Buyback Letter, an investment newsletter edited by David Fried that bases its recommendations on the repurchase effect.
Of the $4 billion that the PG&E Corporation received from the utility from 1997 through 1999, $2.7 billion was spent on the repurchase of the company's shares and $1.5 billion on dividends.
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Based on the repurchasing price Time Warner paid for Google's AOL stock, AOL is now worth less than $6 billion.
The difference between the sale price and the agreed-on repurchase price represents the lender's interest.
Not striking an agreement on the securities repurchase means that A.I.G. will lose out on months of anticipated interest income from the portfolio.
That means 77% of the 30 companies on the list repurchase shares.
The company will report fourth-quarter financial results, including details on the share repurchase program, on June 26.
The repurchase comes on top of its current plan.
Apple reported $42.56 billion in free cash flow for the 12 months ended Sept. 29, meaning that at current levels, the money spent on the share repurchases could be replaced in less than a year and a half.
Bradley Lerman, Fannie Mae executive vice-president and general counsel, said in a statement: "Fannie Mae has diligently pursued repurchases on loans that did not meet our standards at the time of origination, and we are pleased to have reached an appropriate agreement to collect on these repurchase requests," BoA said it would pay for the Fannie Mae settlement in part from existing reserves.
"Fannie Mae has diligently pursued repurchases on loans that did not meet our standards at the time of origination, and we are pleased to have reached an appropriate agreement to collect on these repurchase requests," Bradley Lerman, Fannie Mae executive vice president and general counsel, said in a statement.
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