Suggestions(1)
Exact(2)
Notwithstanding sections 544, 545, 547, 548(a)(1)(B), and 548(b) of this title, the trustee may not avoid a transfer made by or to (or for the benefit of) a repo participant or financial participant, in connection with a repurchase agreement and that is made before the commencement of the case, except under section 548(a)(1)(A) of this title.
The buyback is in connection with a repurchase program announced Feb. 27. (See: "CBS Seen As A Sell" ).
Similar(58)
Dell Inc., the personal computer maker, said yesterday that it would resume its stock-buyback program with a $10 billion repurchase, the first since it restated four years of earnings.
But if Yahoo does link a PIPE transaction with a share repurchase, it is likely to raise the same cries of shareholder disenfranchisement that went up in the Carter Hawley transaction.
Some Wall Street analysts, notably Richard Sherlund of Goldman Sachs, have suggested that Microsoft will soon announce a program to increase its stagnant stock price, perhaps with a share repurchase program of up to $40 billion.
Management seems sufficiently confident that it has maintained the company's dividend and is continuing with a stock repurchase program".
He recommends that you lock up the bond you're borrowing until maturity with a term repurchase agreement.
Nonetheless, he said, BHP would have to convince its shareholders that they would be better off owning Freeport than they would be with a share repurchase.
Devon Energy recently announced it would be repurchasing 25 million shares and would sell properties in the Gulf of Mexico, Canada and the U.S. "We anticipated that Devon's per-share metrics would improve with a share repurchase program," CSFB said.
But combining a reverse stock split with a share-repurchase program had a different effect: 24% of the 233 companies that elected the two strategies together pulled themselves out of Orphansville, doubling their odds of recovery.
Combine these factors with a fresh share repurchase program and a $4 billion offering of cheap debt, and it's no surprise that the stock has more than doubled over the past year and a half.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com