H2: There is no significant difference in stock price in each of the five years following a
stock buyback across firms and by industry group between buyout and non-buyout samples.
There are several reasons of
stock buybacks. Supporters of buybacks say that buybacks place money into investor 's hands in a tax-efficient manner.
Networking giant Cisco Systems spent $15 billion on a
stock buyback program, an amount higher than its net income of $10 billion and 2 1/2 times what the company spent on research and development, while laying off 5 percent of its workforce, or 4,000 employees (Yang, 2013).
In the recent past,
stock buybacks by the S&P 500 peaked at $172 billion in the third quarter of 2007 -- when the market was at its peak -- and reached a trough at $24 billion in the second quarter of 2009, just after the market had hit bottom in March of that year.
Daimler AG (Daimler) (NYSE: DAI) (FWB: DAI), a Germany-based automaker, is likely to restart its EUR6bn
stock buyback programme.
In addition on 6 May 2008, SkyWest's board authorised an additional
stock buyback programme of 5.0m shares.
PUTNAM - PSB Holdings Inc., the parent of Putnam Savings Bank, has completed a
stock buyback program and authorized a new one.
Perhaps the biggest question concerning the company's fortunes is whether Bill Gates will do a
stock buyback to push shares higher.
has authorized a new $7 billion
stock buyback program, replacing a previous $5 billion program.
150-3 (www.fasb.org/fasb_staff_positions), contains reformation for nonpublic entities with certain
stock buyback agreements with their major stockholders.
He adds: "My professors at Wharton [the business school at the University of Pennsylvania] will tell you that a
stock buyback is a wash.
approved a company proposal for
stock buyback and incentive stock option plans at an annual meeting Wednesday.
