About admin

Author Archive | admin

CBRL Group Ups Dividend, Plans Buyback

CBRL Group Inc. (Nasdaq: CBRL), operator of Cracker Barrel Old Country Store restaurants, said Thursday its board increased the company’s quarterly dividend by 29 percent to 18 cents per share, from 14 cents previously. The dividend is payable on Nov. 5 to shareholders of record on Oct. 19. The company also said its board approved [...]

Read full story Comments are closed

Marsh & McLennan Announce $800 million Accelerated Repurchase

Marsh & McLennan Companies, Inc. (NYSE: MMC) today announced an agreement with a financial institution counterparty to repurchase $800 million worth of outstanding MMC common stock in an accelerated share repurchase transaction. MMC will conduct the transaction as part of the $1.5 billion share repurchase authorization announced on August 7, 2007. MMC will fund the [...]

Read full story Comments are closed

Nordstrom Announces $1.5 Billion Share Repurchase Program

Nordstrom, Inc. (NYSE: JWN) announced a $1.5 billion share repurchase program. The company last repurchased shares in the second quarter of fiscal 2007, completing its $1 billion share repurchase program that was authorized in May of 2006. The shares from the new authorization are expected to be acquired through open market transactions over a period [...]

Read full story Comments are closed

ITW Board Approves New $3 Billion Share Repurchase

Illinois Tool Works Inc. (NYSE: ITW) announced a new share repurchase program to buy back up to $3 billion of the company’s common stock over an open-ended period of time. The full authorization represents approximately 55 million shares based on the company’s closing share price on August 20, 2007. The company’s existing share repurchase authorization, [...]

Read full story Comments are closed

Parker Announces $500 Million Accelerated Share Repurchase

Parker Hannifin Corporation (NYSE: PH) announced a $500 million accelerated share repurchase. In addition, the company increased its quarterly cash dividend, and announced plans for a 3-shares-for-2 stock split. The accelerated share repurchase will be funded with available credit and uses Morgan Stanley as the intermediary to purchase Parker’s common stock over a period of [...]

Read full story Comments are closed

Wells Fargo & Company Authorizes Buyback of 50 Million Common Shares

Wells Fargo & Company (NYSE: WFC) announced an additional authorization to buy 50 million shares of the Company’s common stock. The buyback will cover the dilution caused by the stock acquisition of Greater Bay Bancorp, expected by the end of this year. Wells Fargo & Company is a diversified financial services company with $540 billion in assets, providing banking, [...]

Read full story Comments are closed

P&G Announces $24 – $30 Billion Share Repurchase Program

The Procter & Gamble Company (NYSE: PG) announced plans to repurchase $24 – $30 billion of company shares over the next three years at a rate of $8 – $10 billion per year. The new plan represents a substantial increase versus the company’s fiscal 2007 repurchase pace of $5.6 billion. Three billion times a day, [...]

Read full story Comments are closed

Hasbro, Inc. Announces Additional $500 Million Share Repurchase Authorization

Hasbro, Inc. (NYSE:HAS) announced an additional $500 million common stock repurchase. The company did not comment on how the repurchase would be funded.   Since May 2005, the Company has spent $692.1 million to repurchase 31,653,000 shares (not including $200 million recently spent to retire the Lucas warrants for 15,750,000 shares) and has only $7.9 million [...]

Read full story Comments are closed

Dover Corporation Authorizes $500 Million Share Repurchase Program

Dover Corporation (NYSE: DOV) announced a $500 million share repurchase program that includes an accelerated share repurchase agreement (“ASR”) with Goldman, Sachs & Co. Under the ASR, Dover will immediately repurchase 6 million shares of its common stock from Goldman, Sachs & Co. The company expects to conduct the remainder of the share repurchase program over [...]

Read full story Comments are closed

Time Warner Inc. Announces New $5 Billion Stock Repurchase Program

Time Warner Inc. (NYSE:TWX) announced a new $5 billion stock repurchase program.  The company did not specify how the program would be funded. In completing its previous stock repurchase program on schedule at the end of the second quarter, the Company repurchased approximately 1.1 billion shares of common stock, or about 23% of the total [...]

Read full story Comments are closed