Archive | Leveraged Buyback RSS feed for this section

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

Rohm and Haas Announces $1 Billion ASR as part of a $2 Billion Share Repurchase Program

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 [...]

Read full story Comments are closed

Johnson and Johnson Announces $10 Billion Share Repurchase Program

Johnson and Johnson (NYSE: JNJ) announced a share repurchase program of up to $10 billion. The company cited shareholder value and investment flexibility as factors in the announcement. The Company intends to finance the share repurchase program through a combination of cash and debt. Johnson & Johnson is the world’s most comprehensive and broadly based [...]

Read full story Comments are closed

Schwab Announces $3.5 Billion Capital Restructuring

The Charles Schwab Corporation (Nasdaq: SCHW) announced its plan to return approximately $3.5 billion in capital to stockholders and create a more efficient and cost-effective capital structure. The plan includes a special cash dividend of $1.00 per common share, which will return approximately $1.2 billion to stockholders and a $2.3 billion share repurchase through a [...]

Read full story Comments are closed

The Home Depot Announces $22.5 Billion Increase in Share Repurchase Authorization

The Home Depot (NYSE:HD) announced a recapitalization plan that includes an increase of $22.5 billion in its share repurchase program. The share repurchase will be funded in part by the sale of HD Supply as well as cash on hand and $12 billion of unsecured notes. Details of the share repurchase will be announced at [...]

Read full story Comments are closed

The Progressive Corporation to Return $3 Billion to Shareholders

The Progressive Corporation (NYSE:PGR – News) announced plans to return $3 billion to shareholders through an extraordinary cash dividend of $2.00 per Common Share and a new authorization to repurchase up to 100 million of its Common Shares over the course of the next 24 months. This expands the total authorization to approximately 108.3 million [...]

Read full story Comments are closed

IBM raises dividend and announces $15 billion leveraged buyback program

IBM (NYSE: IBM) announced plans to increase its current buyback program by $15 billion. The $15 billion program is in addition to $1.4 billion from a previous authorization. The company plans to borrow a large portion of the funds to complete the repurchase. Also, the company will raise the quarterly dividend from $.30 to $.40 [...]

Read full story Comments are closed