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Update: Rohm and Haas ASR on track

Rohm and Haas Company (NYSE: ROH) today filed SEC form 10Q for the quarter ending September 30, 2007. ### PAYOUT YIELD ANALYSIS In July, Rohm and Haas announced an accelerated share repurchase (ASR) program of $1 billion and a target of 195 million shares outstanding by the end of the third quarter. According to the [...]

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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 [...]

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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 [...]

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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 [...]

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State Street Corporation Announces $1 Billion Accelerated Share Repurchase

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, [...]

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