Payout Yield

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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Expedia, Inc. (Nasdaq: EXPE) announced plans to repurchase up to 116,666,665 shares of its common stock through a Dutch Auction at a price per share not less than $27.50 and not greater than $30.00.
The 116,666,665 shares subject to the tender offer represent approximately 42% of the number of shares of common stock currently outstanding and […]

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