Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Wednesday, April 25, 2007

IBM Announces $15 Billion Buyback

IBM announced it will borrow money and buy back about $15 billion of its shares, resulting in a 10% of its outstanding shares.  According to its treasurer, IBM is "very underleveraged" for its size and cash flow.  At its annual meeting 52% of the shareholders voted for a nonbinding "majority vote" resolution for directors.  See WSJ, IBM to Spend $15 Billion In Expanded Stock Buyback.

http://lawprofessors.typepad.com/securities/2007/04/ibm_announces_1.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d83496eeec69e2

Listed below are links to weblogs that reference IBM Announces $15 Billion Buyback:

Comments

Post a comment