Youku Tudou (YOKU) Announces $300M ADS Buyback Plan

Youku Tudou (NYSE: YOKU) announced that the board of the Company has approved a new share repurchase program whereby Youku Tudou may purchase its own American depositary shares with an aggregate value of up to US$300 million.

The Company expects to fund the repurchase out of its existing cash balance, including cash generated from its operations. The proposed share repurchase may be effected on the open market at prevailing market prices and/or in negotiated transactions off the market from time to time as market conditions warrant in accordance with applicable requirements of Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.

You May Also Be Interested In

• BNY Mellon (BK) Announces $6B Share Buyback
• Carpenter Technology (CRS) Declares $0.20 Quarterly Dividend; 1% Yield
• Glen Burnie Bancorp (GLBZ) Declares $0.10 Quarterly Dividend; 7.5% Yield