Direct Repurchase

Direct Repurchase

The act of a publicly-traded company buying back its own shares from shareholders. This is done to reduce the number of shares outstanding and is a common practice when the company's management believes that its shares are undervalued.
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The bank is to shift to direct repurchase operations as its main policy tool in a bid to address a liquidity strain.
The Pool's eligible investments include obligations of the United States government and its agencies and instrumentalities, fully collateralized direct repurchase agreements, commercial paper, certificates of deposit, and no-load money market funds.
In accordance with the terms of the previously announced agreement with VE, PSC completed the direct repurchase of the remaining 1.
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