Share repurchase


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Share repurchase

Program by which a corporation buys back its own shares in the open market. It is usually done when shares are undervalued. Since repurchase reduces the number of shares outstanding and thus increases earnings per share, it tends to elevate the market value of the remaining shares held by stockholders.

Buyback

The act of a publicly-traded company buying its own stock, sometimes at a price well above fair market value. Buyback is not intended to stop trade on its stock. Rather, it is an attempt either to reduce the supply of shares in the market (with the hope of driving up the share price) or to prevent a real or suspected hostile takeover. If a company becomes its own majority or plurality shareholder, it either makes a hostile takeover impossible or more expensive for the acquiring company. A buyback may occur all at once or gradually over time. See also: Antitakeover measure, Self-tender offer.
References in periodicals archive ?
Period for share repurchase: From July 1, 2019 to July 31, 2019(delivery date basis)
Share repurchases under the new plan will commence upon the completion of the company's 2016 repurchase plan.
The company has completed 11 share repurchase programs between 2000 and 2019, totalling nearly 7.5 million common shares.
The Share Repurchase Program will be implemented in accordance with the authorization granted by TechnipFMC's shareholder on January 11, 2017, which remains valid until January 11, 2022.
The company says that the share repurchase plan does not change itss commitment to invest in the business organically and in strategic M&A.
(NYSE: CPS), a global supplier of systems and components for the automotive industry, has received approval from its board of directors for a share repurchase program authorising the company to repurchase, in the aggregate, up to USD150m of its outstanding common stock.
Icelandair Group hf (ICE:ICEAIR), operating in the airline and tourism sectors in Iceland and internationally, reported on Tuesday that during week 12 of its share repurchase programme, it purchased 1,480,850 of its own shares, for a total purchase price is ISK22,804,611.
(NYSE: BDC) has approved a new share repurchase authorization and declared quarterly dividends to holders of its common stock and 6.75% series B mandatory convertible preferred stock, the company said.
This share repurchase authorisation, which is effective immediately, is expected to be completed over a multi-year period and purchases under it may be made from time to time at the management's discretion.
June 10 2010 -- Bunge's announcement of the authorization of a USD700 million share repurchase program through 2011 is an indicator of its financial strength, according to an analyst.
announced today the following outcome of its share repurchase under Article 156 of the Company Law.