BlackBerry has
announced share repurchases in the past (and totally failed at timing), but there are none on the horizon.
Looking to boost shareholder value, a number of companies have
announced share repurchase agreements to buy back shares on the open market.
I was mildly bullish last year on ICG last year, and wasn't too surprised to see my target surpassed on the back of
an announced share repurchase & tender offer.
Twenty companies
announced a share repurchase, either through the open market, or through more formalized programs such as Dutch Auction tender offers (see our M&A Insights: «What About a Dutch Auction?»
Not exact matches
Spirit AeroSystems Reports Q1 2018 Financial Results;
Announces Acquisition of Asco Industries; Plans Debt Refinancing;
Announces $ 725 Million Accelerated
Share Repurchase Plan; Increased Dividend by 20 %
Apple
shares jump after the company reported better - than - expected quarterly results and
announced a $ 100 billion
share repurchase program.
Apple
shares jumped after the company reported better - than - expected quarterly results and
announced a $ 100 billion
share repurchase program.
Over the same period of time it has paid out $ 40 million in dividends, and has spent $ 31 million
repurchasing its own
shares, including $ 16.5 million in the currently ongoing Normal Course Issuer Bid
announced June 17, 2011; and,
Citigroup was the highlight after hours, doubling its quarterly dividend to 32 cents per common
share and
announcing a common stock
repurchase program of up to $ 15.6 billion.
Though the billionaire investor recently backed down from his fight with Apple for a stock buyback, he still may have won the battle; CEO Tim Cook
announced Apple
repurchased $ 14 billion of its
shares.
On Thursday, the company
announced it is raising $ 100 million through the sale of common stock, which it will use to
repurchase shares from one of its founders and to provide liquidity for early employees.
Specialty food retailer Whole Foods Market tumbled 6 percent after it missed revenue expectations, boosted its dividend and
announced a $ 1 billion
share repurchase program.
«We believe the bogey for investors is a 15 percent increase to Apple's total reported capital return number (
shares repurchase plus past dividends), which would imply a $ 150 billion headline number, up from $ 130 billion
announced last year,» said Gene Munster, an analyst at Piper Jaffray, in a recent note.
The gaming giant also
announced that during the holiday period, it
repurchased 800,500
shares of stock at an average price of $ 49.39 for a total of $ 39.5 million.
The semiconductor company
announced a $ 12 billion
share repurchase authorization on Thursday afternoon.
The iPhone maker's plan to return up to $ 100 billion to its shareholders marks the largest
share repurchase program
announced this year.
Apple also increased its dividend 15 percent to $ 3.05 a
share and said it will expand its
share repurchase program to $ 60 billion from the $ 10 billion level
announced last year.
On April 27, 2015, Apple
announced that it had expanded its capital return program to $ 200 billion, which included an increase in its
share repurchase authorization from $ 90 billion to $ 140 billion.
The board of directors of T. Rowe Price Group approved adding another 10 million
shares to it stock
repurchase plan, expanding that program to 21 million
shares, the Baltimore - based money management firm
announced Thursday.
«In March 2012, the company
announced a quarterly dividend and
share repurchase program totaling $ 45 billion.
In addition, the company
announced that its Board of Directors has authorized a
share repurchase program under which the company may
repurchase up to 3,500,000
shares of its outstanding common stock.
With the newly
announced $ 100 billion
share repurchase program, it's clear that Apple is running out of ideas.
With Boeing recently
announcing a $ 18 - billion
share repurchase authorization, Safran said it may have to use a combination of debt and / or free cash flow in the event of an all - cash deal.
Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today
announced the completion of its
share repurchase program (the «Program»), as required by the conditions of the issuer bid exemption order issued to RBC by the Ontario Securities Commission on January 10, 2018...
2018.02.23 Royal Bank of Canada to
repurchase up to 30 million of its common
shares Royal Bank of Canada (the Bank)(«RY» on TSX and NYSE) today
announced that the Toronto Stock Exchange (TSX) and the Office of the Superintendent of Financial Institutions (OSFI) have approved its normal course issuer bid to purchase,...
Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today
announced that it will
repurchase shares under a specific
share repurchase program (the «Program»).
Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today
announced the completion of its
share repurchase program (the «Program»),...
Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today
announced the completion of its
share repurchase program...
2018.01.10 Royal Bank of Canada
announces specific
share repurchase programs as part of its normal course issuer bid Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today
announced that it will
repurchase shares under two specific
share repurchase programs (the «Programs»)...
2017.10.11 Royal Bank of Canada
announces specific
share repurchase program as part of its normal course issuer bid Royal Bank of Canada (RBC)(«RY» on TSX and NYSE) today
announced that it will
repurchase shares under a specific
share repurchase program (the «Program»).
Additionally, the shareholder - focused management team
announced a new $ 2 billion
share repurchase program during the quarter.
KKR expects to pay an annualized dividend of $ 0.50 per common
share as a corporation and
announces an increase in its available
share repurchase authorization to $ 500 million, effective immediately.
Typically, when a company
announced a stock buyback program, the prospect of
repurchases boosts the
share price.
DSW
announced that its board has approved a
share repurchase plan on Wednesday, August 23rd 2017, which permits the company to
repurchase $ 500,000,000.00 in outstanding
shares, according to EventVestor.
As well as missing revenue forecasts, Alibaba
announced a $ 4 billion
share repurchase program over two years, which it said was primarily aimed at offsetting the impact of the company's
share - based compensation programs and other factors that could dilute the
share price.
Management also recently
announced a $ 10 billion increase to Oracle's existing
share repurchase program.
JNJ just
announced a $ 10B
share repurchase program.
In addition, its new management team
announced a $ 50 million
share -
repurchase program that could add a lot of value for its shareholders if the company is cleared from any wrongdoing, or gets away with only paying small fines.
For the past year and a half, management considered a more aggressive capital structure, and they recently
announced a plan to add leverage to the balance sheet while using the proceeds for a large
share repurchase program.
Templeton Dragon Fund, Inc., Templeton Russia and East European Fund, Inc., and Templeton Emerging Markets Fund
Announce Modification of
Share Repurchase Programs
The Templeton closed - end Funds referenced above, which trade on the New York Stock Exchange,
announced today that each Fund's Board has approved a modification to the Funds» existing open - market
share repurchase programs to authorize each Fund to
repurchase up to 10 % of a Fund's outstanding
shares in open - market transactions, at the discretion of management.
The company increased its dividend by 33 % and
announced the start of a
share repurchase program.
The Company also
announced that its board of directors has authorized a stock buyback program to
repurchase up to an aggregate of $ 2 million of its issued and outstanding common
shares.
During the last short attack (this summer) management
announced a $ 100 million
share repurchase program.
Presenting its 2016 full year results, HSBC
announced to hold its dividend payments steady and to start another
share repurchase program.
In May, Thor Industries
announced a
repurchase agreement to buy back one million
shares for $ 60 per
share in a private transaction with a family foundation.
Second, the company
announced a $ 40 million
share repurchase program today.
Paris, October 04, 2017 - Ubisoft
announced today that it has granted a mandate to an investment services provider with a view to
repurchasing its own
shares.
Cendant also
announced that its board of directors has authorized an additional $ 1 billion in
share repurchases.