Bally Tech (BYI) Announces $550M Buyback; Planning Modified Dutch Auction for $400M in Stock; Cuts FY11 Outlook
Tweet Send to a FriendGet Alerts BYI Hot Sheet
Trade BYI Now!
Bally Tech (NYSE: BYI) to buyback up to $550 million in common shares.
Plans a modified dutch auction for $400 million in stock at $34.50-$40/share.
Sees Q4 EPS over Q3 EPS.
Cuts its FY11 EPS guidance from $2-$2.15 to $1.82-$1.95, vs. the consensus of $2.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Plans a modified dutch auction for $400 million in stock at $34.50-$40/share.
Sees Q4 EPS over Q3 EPS.
Cuts its FY11 EPS guidance from $2-$2.15 to $1.82-$1.95, vs. the consensus of $2.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
- Rexnord (RXN) Misses Q4 EPS by 7c; Issues Light Q1 Outlook
- Bally Technologies to Host Systems User Conference at Mohegan Sun June 4-6, Bringing the Annual Event to East Coast for First Time
Create E-mail Alert Related Categories
Equity Offerings, Guidance, Hot Guidance, Stock Buybacks
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
