Ribapharm produces Ribaviran, which is used to treat hepatitis C. ICN Pharmaceuticals, which owns 80percentt of Ribapharm shares, spun off 20percentt of the company last year at $10 a share and is trying to repurchase those shares for $5.60.
In one of the most remarkable turnabouts in the recent corporate history of the film industry, Weinstein Company co-chairs Harvey and Bob Weinstein are to go into business with Miramax, the legendary indie outfit they set up and were outbid when they tried to repurchase it in 2010.
Facebook reportedly issued these employees options without any restrictions on resale, except that it has a right to repurchase the shares if employees try to sell.
Partly as a result, companies often try to funnel money to shareholders by repurchasing shares -- something that might not otherwise be in their interest -- rather than paying dividends.
On Thursday it announced a $20 billion reverse repurchase program with banks to try to narrow that gap.
The New York Times reports that Niklas Zennstrom and Janus Friis, who sold Skype to eBay four years ago for $2.6 billion, are trying to raise money to repurchase the firm.
We're not going to try to provide any rhyme or reason here, but if the Hays client had immediately repurchased shares, the wash sale rule would have made him liable for $214,000 in taxes.
Even if the court eventually allows Prudential to seize the collateral assets, it is obligated to give TVT Catalog Enterprises a chance to repurchase those assets before trying to sell them elsewhere, according to the loan contract filed as an exhibit in the case.
These investors are trying to force banks to buy back or repurchase loans that were packaged and sold as investments.
[C2.] Enron Buys Back $3 Billion of Debt Enron, trying to reassure investors that it has ample liquidity, began to repurchase all its outstanding commercial paper, using $3.3 billion it had borrowed from banks.
