In a statement Novartis AG said, it has launched a new share buyback of up to $15 billion which will end by 2023. Confirming an expected sales growth by 4% through 2026, the Swiss pharma giant said its capital allocation strategy… Read More ›
buyback
SoftBank to undertake $8.82 billion share buyback
On Monday, in a statement SoftBank Group Corp said, it would buyback up to $8.82 billion (one trillion yen) of its own stock, equivalent to 14.6% of outstanding stock. The announcement comes after SoftBank completed a record 2.5 trillion yen buyback… Read More ›
Qualcomm Inc announces $10 billion stock buyback with immediate effect
In a statement Qualcomm Inc said, it will undertake a stock buyback program worth $10 billion with immediate effect. The stock buyback is in addition to its earlier announcement in July 2018, wherein it had said it will further repurchase its… Read More ›
Nokia offers to buyback its 2021 bond for 500M euros, issues new fixed-rate bond
On Wednesday, Finnish telecom equipment giant Nokia stated, it had issued an offer to buy back its 1% notes in cash, which was due on March 15, 2021 for up to 500 million euros. The purpose of the tender offer… Read More ›
SoftBank Group will start share buyback program from Monday
On Friday, in a statement SoftBank Group Corp stated, it will be buying up to 7% of its shares for as much as $4.77 billion (500 billion yen). The buyback program, which will commence from Monday will continue over a… Read More ›
Credit Suisse announces $1 billion share buyback program in 2020
On Friday, Credit Suisse stated, it aims to buy back shares worth at least $1.03 billion (1 billion Swiss francs) by the end of 2020. The share buyback program will be subject to market and economic conditions, and comes in… Read More ›
HSBC second quarter profits rise by 15.9%, announce share buyback of $1 billion
While analysts’ had expected it would return some of its profits through dividends, HSBC has stuck to its strategy of share buyback. On Monday, HSBC reported its second quarter results. Its first-half pretax profits have risen by 15.9%. HSBC has… Read More ›
Hyundai Motor Co to spend $228.3 million for repurchase of shares
The Elliot Management-backed move, will boost shareholder’s return. The buyback will include common and preferred stocks. On Friday, Hyundai Motor Co stated, it would spend $228.3 million (255 billion won) to buyback its common and preferred stocks so as to… Read More ›
Sazerac acquires 19 spirit brands from Diageo Plc for $550 million
The deal assumes significance since it marks Sazerac’s new market focus on premium brands and also because it continues to maintain consistence across Diageo’s spirits, as the two have entered into a long-term supply contracts agreement. U.S. based Sazerac is… Read More ›
Carl Icahn sues Dell Technologies over its IPO plans
No stranger to lawsuits, activist investor Carl Icahn has taken the legal route to stop Dell from going ahead with its IPO saying the deal does not value DVMT stockholders. In a strategic development, activist investor Carl Icahn has sued… Read More ›
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