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Sturm, Ruger's SR1911. Image source: Sturm, Ruger & Company. Yesterday evening, Sturm, Ruger & Company announced it has expanded its stock repurchase program, more than tripling the amount ...
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 Chemours Company (CC) -- the maker of Teflon -- is a materials science company that is a spinout of DuPon, explains David Fried, editor of the specialized advisory service, The Buyback Letter.
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 new buyback authorization comes as an accelerated $10 billion share repurchase program announced in November 2023 is expected to be completed by the end of this month.
On January 20, 2009, Fiat S.p.A. and Chrysler LLC announced that they had a non-binding term sheet to form a global alliance. Under the terms of the potential agreement, Fiat could take a 35% stake in Chrysler and gain access to its North American dealer network in exchange for providing Chrysler with the platform to build smaller, more fuel-efficient vehicles in the U.S. and a reciprocal ...
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 ...
The company traces its corporate history back more than 150 years and was created after a series of mergers and spin-offs. In 2008, HVAC manufacturer Trane was acquired by Ingersoll Rand, a US industrial tools manufacturer. In 2020, the tools business was spun off as Ingersoll Rand and the remaining company was renamed Trane Technologies.