A buyback plan is when a company decides to repurchase its own shares from the stock market or existing shareholders. It is a way for the company to invest in itself and demonstrate confidence in its own value.
Brookfield Asset Management declared that its board has authorized a stock buyback plan on Sunday, June 4th 2017, which allows the company to repurchase 82,960,000 shares, according to EventVestor. (marketbeat.com)
CVS Health Corp. said it's making progress on the regulatory review of its $ 68 billion deal to buy health insurer Aetna Inc., and has suspended its share buyback plan while waiting for the approval. (fortune.com)
Wells Fargo announced that its board has approved a share buyback plan on Wednesday, January 24th 2018, which authorizes the company to buyback 350,000,000 shares, according to EventVestor. (marketbeat.com)