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.
In accordance with the terms of the previously announced agreement with VE, PSC completed the direct repurchase of the remaining 1.
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.
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