Stock Buybacks
Sponsored by: EasyStockAlerts.com - FREE TRIAL!
Set Up E-mail Alerts For Stock Buybacks » RSS Feed For Stock Buybacks »Ambac Financial Group (NYSE: ABK) announced that its Board has authorized up to $50 million for share repurchases of its common stock. The repurchase of shares under the Stock Repurchase Program is conditioned up the completion of the offering of shares by the underwriters of its March 2008 offering. We are unable to predict when the offering will be completed.
Ambac President and Chief Executive Officer, Michael Callen, stated, "The Board of Directors of Ambac believes that share buyback, when permitted under regulatory rules and corporate policy, represents a good investment of our capital and reinforces our confidence in the long-term stability of our company."
Ambac Financial Group is a holding company whose affiliates provide financial guarantees and financial services to clients in both the public and private sectors around the world.
O.I. Corporation (NASDAQ: OICO) announced that it repurchased 55,505 shares, or approximately 2%, of OI common stock in a private transaction.
The shares were repurchased at the market price of $11.28 per share as reported by the Nasdaq Global Market on July 1, 2008, the date of the transaction. The purchase was effected under the Company's ongoing stock repurchase program which permits purchases in the open market and through privately negotiated transactions.
O.I. Corporation (O.I) provides products for detection, analysis, measurement and monitoring applications in a variety of industries, including environmental testing, food and flavors, beverage, pharmaceutical, semiconductor, power generation, chemical, petrochemical and security. [SM]
Copart (Nasdaq: CPRT) entered into an agreement with Willis J. Johnson, the CEO and a member of our board of directors, pursuant to which it will acquire 1,500,000 shares of our common stock at a price of $40.00 per share, or an aggregate purchase price of $60,000,000. The settlement date for the acquisition of the common stock is expected to be on or about July 11, 2008, and the purchase will be made pursuant to our existing stock repurchase program. The per share purchase price for the common stock to be acquired is based on the closing price of our common stock on July 1, 2008 (as reported by The NASDAQ Stock Market), less 5.5% or $2.35.
Fiserv, Inc. (NASDAQ: FISV) announced it has signed a definitive agreement with Trident IV, a private equity fund managed by Stone Point Capital LLC, in which Trident will invest approximately $205 million in equity and $335 million in debt to acquire a 51% majority interest in Fiserv's insurance businesses.
In connection with the sale, Fiserv also affirmed its 2008 adjusted earnings per share guidance range of $3.28 to $3.40 from continuing operations. Fiserv expects the transaction to be accretive to its long-term revenue, earnings and margin growth rates.
In a related action, the Fiserv Board of Directors authorized the repurchase of up to an additional 10 million shares of Fiserv common stock.
IndyMac Bancorp (NYSE: IMB) today announced that, effective June 30, A. Scott Keys, the company's former CFO, has resigned. Mr. Keys had been on a medical leave of absence since April 24, 2008.
Unrelated, Indymac's Chairman and CEO, Michael Perry, responded to recent shareholder suggestions about a stock buyback. The exec said that while he had thought about the issue, Indymac is not considering a buyback of its shares.
IndyMac Bancorp, Inc. operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank that provides mortgage products and services in the United States.
More Stock Buybacks
View Older Stories-
Tessco Technologies (TESS) Announces Large Repurchase of Stock
-
Rollins (ROL) Reports Q2 Stock Buyback
-
Morgans Hotel Group (MHGC) Board Authorizes $30M Buyback
-
Apollo Group (APOL) Reports Q3 EPS of $0.85, Beats By 7c; Announces $500M Buyback
-
Somanetics (SMTS) Announces Share Repurchase Program Increased By $15 Million
-
Salisbury Bancorp (SAL) Announces Stock Buyback Plan
-
ConAgra Foods (CAG) Announces $900M Accelerated Share Buyback
-
Center Bancorp (CNBC) Increases Stock Buyback Plan by 5%
-
Mid Penn Bancorp (MBP) Terminates Stock Buyback Plan
-
Digital Ally (DGLY) Sees Ninth Quarter of Record Revenues; $10M Buyback
-
Campbell Soup (CPB) Announces $1.2B Buyback, Sees EPS At High End of Range
-
KLA-Tencor (KLAC) Raises Buyback By 15M Shares
-
H&R Block (HRB) Tops Q4 Views, Guides; Raises Dividend, Buyback
-
Aetna (AET) Board Authorizes Additional Stock Buyback Of Up To $750 Million
-
American Equity Investment (AEL) Resumes Stock Buyback Plan
-
Financial Institutions (FISI) Approves $5 Million Stock Buyback Plan
-
CTG (CTGX) Announces Extension of 10b5-1 Plan to Facilitate Share Buybacks
-
Camden National Corporation (CAC) Extends Stock Repurchase Program
-
Babcock & Brown Air (FLY) to Buyback $30M of Stock
-
Gaiam (GAIA) Repurchases 1.23M Shares at $14.79
-
AutoZone (AZO) Raises Buyback By $500M, Enters Agreement With Major Holder ESL
-
Universal Insurance Holdings (UVE) Announces $3M Buyback
-
First Bancshares (FBSI) Approves Stock Buyback Plan
-
Epoch Holding (EPHC) Announces 250K Share Buyback, Plans To Raise Dividend
-
Eastman Kodak (EK) 11% Higher on Buyback News
-
Eastman Kodak (EK) Announces $1B Buyback
-
Concurrent (CCUR) Announces $2.5M Buyback
-
CenturyTel (CTL) Boosts Dividend, Accelerates Buyback; Sees Meeting or Exceeding Prior Q2 Guidance
-
CyberOptics Announces $15 Million 'Dutch Auction' Tender Offer
-
ConAgra Foods (CAG) Completes Sale of Commodity Trading and Merchandising Operations; Adds $500M to Buyback Program
-
First Financial Northwest (FFNW) Approves Stock Buyback Plan
-
REX Stores (RSC) Complets Prior Buyback Plan, Announces New 500K Share Buyback
-
Kensey Nash (KNSY) Adds $10M to Buyback; Raises Q4/FY08 Guidance, Issues Q1/FY09 Outlook
-
CME Group (CME) Announces $1.1B Buyback, $5/Share Special Dividend
-
CME Group (CME) Approves $1.1 Billion Stock Buyback and Special Cash Dividend
-
First Financial Holdings (FFCH) Approves Stock Buyback Plan
-
Parkvale Financial (PVSA) Announces 274K Share Buyback - 5% of Outstanding Shares; Declares $0.22 Qtr. Dividend
-
Western Union (WU) Raises Long-Term EPS Growth Targets to 15%-18%, Additional $1B Buyback
-
Stewart Enterprises (STEI) Adds $25M to Buyback; Declares $0.025 Qtr. Dividend
-
NightHawk Radiology Holdings (NHWK) Purchases 2,240,883 Shares of Its Common Stock at $8.05 per Share
-
Ixia Announces Completion of $50 Million Stock Buyback Program
-
Repligen (RGEN) to Buyback Up to 1.25M Shares
-
Wind River Systems (WIND) Approves Additional $50 Million Stock Buyback Plan
-
UMH Properties (UMH) Approves $10 Million Stock Buyback Plan
-
Valeant Pharmaceuticals (VRX) Announces Increase in Stock Buyback Authorization
-
MF Worldwide (MFW) Repurchases 1.83M Shares at $46.50/Sh
-
Daimler (DAI) To Buyback Euro 6 Billion In Stock
-
Citizens South Banking Corp (CSBC) Authorizes the Buyback of up to 200,000 Shares of Outstanding Stock
-
InfoSpace (INSP) Board Renews $100M Buyback
-
O.I. Corp. (OICO) Adds 200K Shares to Buyback
