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(d)Restriction on repurchase of stock.
David R. Herwitz, Installment Repurchase of Stock: Surplus Limitations, 79 Harv.
Outside of private equity, in July, Activision obtained $4.75 billion in commitments to fund its repurchase of stock from Vivendi and CBS just this week consummated $2 billion in high yield financing for its to-be-separated outdoor business segment.
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The company said it had $5.2 billion available to finance repurchases of stock this year.
The Times Company's per-share earnings were bolstered by repurchases of stock.
Warren Buffett, in his letter to shareholders back in 1999, declared that "all too often," repurchases of stock are made for an "ignoble reason: to pump or support the stock price".
Warren Buffett, in his letter to shareholders back in 1999, declared that "all too often," repurchases of stock are made for an "ignoble reason: to pump or support the stock price". Only now it's mostly not even working for that narcissistic objective.
BLOOMBERG NEWS Motorola Solutionsns to Buy Back Shares From Icahn | Motorola Solutions will repurchase $1.17 billion of stock from Carl C. Icahn as part of a larger $3 billion share buyback program.
Motorola Solutions, the enterprise and networking company created from the break up of Motorola, will repurchase $1.17 billion of stock from Mr. Icahn, an activist investor, as part of a larger $3 billion share buyback program.
Repurchases of stocks jumped from $477.5 million in the first quarter of 2011 to $5.33 billion in the second quarter, according to SNL Financial.
Consistent with that theme, in early 2006, it repurchased $653 million of stock, completing a debt-financed $2.5 billion share repurchase effort.
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