Stock Buybacks

Teche Holding Co. (NYSE: TSH) announced today that its Board of Directors authorized a stock repurchase plan to repurchase up to 3%, or approximately 60,000 shares, of the Company's common stock.

In announcing the stock repurchase plan, Little commented, "The Company's Board of Directors believes that adoption of a stock repurchase plan demonstrates our continuing commitment to increasing shareholder value and reflects our belief that the Company's stock represents a good investment opportunity."

News Corporation (NASDAQ: NWS (NASDAQ: NWSA) and the new News Corporation today announced that the separation of News Corporation into two distinct publicly traded companies, 21st Century Fox and the new News Corporation, has been formally approved by the Company’s Board of Directors. The Company announced appointments to the Boards of Directors of both companies, effective upon the completion of the separation, which is expected to occur on June 28, 2013.

In connection with the separation, the Company’s Board has approved the distribution of all shares of the new News Corporation to the Company’s stockholders in a ratio of one share of the new News Corporation for every four shares of News Corporation. Furthermore, the Board authorized a $500 million stock repurchase program for the new News Corporation following completion of the separation.

“Today’s announcement is a significant step in creating two independent companies with the world’s leading portfolios of publishing and media and entertainment assets,” said Rupert Murdoch, who will serve as Chairman and CEO of the proposed 21st Century Fox, and Executive Chairman of the new News Corporation. “We continue to believe that the separation will unlock the true value of both companies and their distinct assets, enabling investors to benefit from the separate strategic opportunities resulting from more focused management of each division.”

Boards of Directors Effective upon Completion of Separation

21st Century Fox:

Rupert Murdoch
Delphine Arnault*
James Breyer
Chase Carey
David DeVoe
Viet Dinh
Sir Roderick Eddington
James Murdoch
Lachlan Murdoch
Jacques Nasser*
Robert Silberman*
Álvaro Uribe

The new News Corporation:

Rupert Murdoch
José María Aznar
Natalie Bancroft
Peter Barnes
Elaine Chao
John Elkann*
Joel Klein
James Murdoch
Lachlan Murdoch
Ana Paula Pessoa*
Masroor Siddiqui*
Robert Thomson*
(* indicates Directors not on the current News Corporation Board -- biographies below.)

Stock Distribution

The stock of the new News Corporation, which will be comprised of newspapers, information services and integrated marketing services, digital real estate services, book publishing, digital education and sports programming and pay-TV distribution in Australia, will be distributed to the current stockholders of News Corporation as a stock dividend. For every four shares of News Corporation Class A Common Stock or Class B Common Stock, each stockholder will receive one share of new News Corporation Class A Common Stock or Class B Common Stock, respectively. Stockholders will receive cash in lieu of any fractional shares of new News Corporation. Following the distribution of all of the shares of the new News Corporation common stock to the Company’s stockholders, the new News Corporation will be an independent, publicly traded company, and News Corporation will retain no ownership interest. Effective as of the separation, and subject to the approval of the Company’s stockholders, News Corporation will change its name to 21st Century Fox, and the new News Corporation will be named News Corporation.

The separation is subject to a number of conditions, including approval by the Company’s stockholders of certain amendments to its charter that will facilitate the separation, as well as the receipt of certain tax rulings and regulatory approvals, and the effectiveness of the Registration Statement on Form 10 that the new News Corporation filed with the Securities and Exchange Commission. The Company’s Board also maintains the discretion to withdraw its approval of the separation and authorization of the dividend prior to the effective date of the separation. The Company currently expects that all conditions to the separation will be satisfied or waived on or before the date of separation.

The Company also announced that its Board of Directors has authorized a stock repurchase program for the new News Corporation in the amount of $500 million of new News Corporation’s shares of Class A Common Stock, to be initiated on an opportunistic basis following the completion of the separation. Timing for purchases under the program will be dependent on the new News Corporation’s available liquidity and cash flow as well as its consideration of general market conditions. The repurchase program may be executed through various methods, including open market repurchases.

Washington Banking Co (NASDAQ: WBCO) announced that its Board of Directors has authorized the repurchase of up to 775,000 shares of the Company's outstanding shares or approximately 5% of current outstanding.

"Based on current industry conditions, we believe that the availability of a repurchase program aligns with our capital management strategy and is in the best interests of our shareholders," said Jack Wagner, President & CEO.

WhiteWave (NYSE: WWAV) announced today that its Board of Directors has authorized a share repurchase program, under which the company may repurchase up to $150 million of its common stock. The primary purpose of the program will be to offset dilution from WhiteWave’s equity compensation plans, but the company also may make discretionary, opportunistic purchases. Shares may be repurchased under the program from time to time in one or more open market or other transactions, at the discretion of the company, subject to market conditions and other factors. The authorization to repurchase shares will end when the company has repurchased the maximum amount of shares authorized, or the company’s Board of Directors has determined to discontinue such repurchases.

Universal Insurance Holdings, Inc. (AMEX: UVE), announced that it concluded the previously committed repurchase of 4,000,000 shares of the Company's common stock from Bradley I. Meier, the Company's former Chairman, President and Chief Executive Officer, at $4.02 per share, and repurchased an additional 2,666,000 shares of common stock from Mr. Meier at $4.50 per share in a separate privately negotiated transaction. The repurchase prices represent a discount of 44.4% and 37.8%, respectively, from yesterday's closing price of the Company's common stock.