Praxair, Inc. (NYSE: PX) will repurchase up to $1 billion of its common stock over the next two years.
The company cited a strong balance sheet and growing free-cash-flow generation from operations.
The purchases will be financed by available cash and debt and replaces the repurchase program in effect since 1997.
The board of directors also has declared […]
Lennox International Inc. (NYSE: LII) announced a share repurchase plan for $500 million to be completed by the end of Q3 2008.
The company cited a commitment to improving shareholder returns and flexibility to pursue strategic opportunities to grow the business.
Lennox International is a global leader in the heating, air conditioning, and refrigeration markets.
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PAYOUT YIELD ANALYSIS
With […]
Citing unacceptable terms in the current debt market, Expedia’s chairman Barry Diller announced that the company is scaling back its stock repurchase program to a maximum of 25 million shares, down from the 116 million shares announced in June.
The market reacted unfavorably to the announcement, driving the share price down over 12% in 2 days.
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PAYOUT […]
State Street Corporation (NYSE: STT) announced a $1 billion accelerated share repurchase of its common stock with an affiliate of Lehman Brothers Inc. The transaction is expected to be completed within the next six months. Based on the closing per share sale price of State Street’s common stock on the New York Stock Exchange on July 19, […]
Rohm and Haas Company (NYSE: ROH) announced the repurchase of up to $2 billion of common stock in a two stage action.
The company will complete its existing share repurchase program and execute the ASR in third quarter, reducing the number of shares to 195 million by the end of September 2007. The ASR will be […]
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