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Samsung Electronics will repurchase 3 trillion won in shares from November 18, 2024, to February 17, 2025, as the first phase of its new buyback plan. The buyback includes 50.14 million common ...
SEOUL (Reuters) -Samsung Electronics has decided to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, after shares plunged to more than four ...
The company has over $160 billion of cash and marketable securities on its balance sheet. So the latest buyback plan looks like an excuse to deploy some capital to distract investors from a ...
A company may also buy back shares held by or for employees or salaried directors of the company or a related company. This type of buyback, referred to as an "employee share scheme buyback", requires an ordinary resolution. A listed company may also buy back its shares in on-market trading on the stock exchange, following the passing of an ...
The price also represented 18.2 times next twelve month average analyst EBITDA estimates, which was the 4th highest EBITDA multiple paid for a public semiconductor company with a value greater than $1 Billion since 2014. [34] The acquisition was announced complete on April 17, 2020, ending the independent history of Cypress Semiconductors. [12]
On April 19, 2022, Spectris announced the sale of Omega Engineering to Arcline Investment Management for $525 million. [16] This was more than $100 million above the Net Book Value subsequent to the goodwill writeoff that Spectris previously took. Spectris announced a $390 million stock buyback as a result of the sale. [6]
The company also announced a $110 billion share buyback – the largest in the company’s history – as iPhones sales declined 10%. The drop suggests weak demand for Apple’s iPhone 15 lineup ...
On the same day its 5-for-1 split was announced, Sony's board authorized the repurchase of up to 30 million shares, representing 2.46% of the company's outstanding count. Buybacks have the ability ...