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The total buyback represents about 20percentt of Lehman's stock outstanding.
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Total buybacks were at almost $260 billion, up 43% from the first three quarters of 2003.
But Total's buyback agreements with Iran, under which it builds plants and then is paid back and sent on its way as its operations produce energy, means it never owns anything long term in Iran.
Meanwhile, the company engaged in serious share buybacks, which is often seen as a sign of confidence: Yahoo repurchased a total of $190 million worth of its shares during the third quarter of 2012, bringing its total repurchase amount to over $4 billion since 2009.
Confirmation of rumors that the company would buy back $3 billion of its shares over the coming 18 months, bringing its total share buybacks announced this year to $5 billion, also failed to aid the shares.
Post updated with the maximum buyback total, removing analysis of the potential size of the transaction based on the aggregate A and B shares that exist.
Citigroup's board also authorized an additional $5 billion yesterday to buy back stock, bringing the total available for buybacks to $7.5 billion.
And while J.P. Morgan Chase did not raise its $1.36 annual dividend (for a yield of 3.7percentt) when it announced its earnings yesterday, it did make another move to use some of its cash to help the share price -- a stock buyback totaling $6 billion.
Dividend yield plus share buybacks total 6% per year.
Icahn is not making a small claim: His buyback program totals more dollars than Apple's entire current cash position.
During the exact time frame that retail investors were liquidating mutual funds, more than 100 corporations made buyback announcements totaling well over $50 billion!
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