Exact(1)
In a statement, Bradley Lerman, executive vice president and general counsel of Fannie Mae said: "Today's agreement resolves legacy repurchase issues, compensates taxpayers for losses, and allows Fannie Mae and Citi to move forward and strengthen our business relationship".
Similar(59)
If the professors' explanation of the repurchase effect is correct, then it also must be true that companies issuing more shares underperform the market.
Morgan Stanley lost 36 cents, or 1.2%, to $30.69, after shelling out $950 million to repurchase warrants issued to the Treasury in return for $10 billion in TARP money.
Morgan Stanley was down 59 cents, or 1.9%, to $30.46, after shelling out $950 million to repurchase warrants issued to the Treasury in return for $10 billion in TARP money.
Russia may repurchase corporate bond issues, especially denominated in foreign currency, if needed, he added.
But one of the biggest tests for the Treasury team has been negotiating with banks over the repurchase of warrants issued as part of their TARP bailouts.
Hartford revealed that proceeds will be utilized to pre-fund debt maturing in 2010 and 2011, as well as to repurchase preferred shares issued to the Treasury.
You would want to own JPM shares because "at $45 per share (about its current price today), buybacks would be accretive to earnings and approximately break even to tangible book value... .. Whatever the case JPM will repurchase every share issued to employees as compensation; so there won't be any dilution to earnings per share for the public.
A spokesman for 3Com, Brian Johnson, said the exact number of Palm shares to be distributed per 3Com share would not be determined until July, because that would be affected by the number of 3Com shares outstanding, which can vary as the company issues or repurchases shares.
But the number of bankruptcy filings was limited as the capital markets quickly recovered, allowing firms to shore up their companies by repurchasing debt or issuing new equity.
In 2005, the last time the Fed issued year-end funds, it issued 28-day repurchase agreements for $5 billion, starting Dec. 8.
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