MS buying back shares
Link
"Microsoft Corp. on Friday said it will have purchased about $3.8 billion worth of its shares in a tender offer this week, or less than one-quarter of the planned repurchase of up to $20 billion in stock."
The 20 billion was what MS said it would buy (or was that just a speculation?)
More news from another source but essentially the same.
An update:
Even though it seems like the buyback was a flop, it might have been a good thing? For some people at least =P
Link
"The Redmond, Wash., software giant didn't have great success with its recent Dutch auction self-tender. But some observers say that's good news for stockholders.
With investors only cashing in 155 million shares at $24.75 apiece, for a total of $3.8 billion, the company fell well below its target of repurchasing $20 billion worth of shares this month. But Microsoft duly added the $16.2 billion shortfall to its existing buyback plan -- meaning it will repurchase $36.2 billion worth of shares on the open market over the next five years. "
"Microsoft Corp. on Friday said it will have purchased about $3.8 billion worth of its shares in a tender offer this week, or less than one-quarter of the planned repurchase of up to $20 billion in stock."
The 20 billion was what MS said it would buy (or was that just a speculation?)
More news from another source but essentially the same.
An update:
Even though it seems like the buyback was a flop, it might have been a good thing? For some people at least =P
Link
"The Redmond, Wash., software giant didn't have great success with its recent Dutch auction self-tender. But some observers say that's good news for stockholders.
With investors only cashing in 155 million shares at $24.75 apiece, for a total of $3.8 billion, the company fell well below its target of repurchasing $20 billion worth of shares this month. But Microsoft duly added the $16.2 billion shortfall to its existing buyback plan -- meaning it will repurchase $36.2 billion worth of shares on the open market over the next five years. "
posted by god_is_good478 at 8:22 AM
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