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Stocks Stock Buybacks

  • June 28- Citigroup Inc said it plans to repurchase up to $15.6 billion of common stock over the next 12 months and double its quarterly dividend to 32 cents per share, bringing total payouts to $18.9 billion. Citigroup, the fourth-biggest U.S. bank by assets, announced its intentions after the U.S. Federal Reserve said on Wednesday that it would permit the company...

  • WASHINGTON/ NEW YORK, June 28- The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond a cushion against possible catastrophe. Fed Governor Jerome Powell, who is acting as regulatory lead for the U.S. central bank, said the process "has motivated all of the largest banks to...

  • *Nestle to repurchase up to $20.8 billion in shares by June 2020. LONDON/ ZURICH, June 27- Nestle plans to buy back as much as 20 billion Swiss francs worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company. The New York- based hedge fund, controlled by billionaire...

  • *Nestle to repurchase up to $20.8 billion in shares by June 2020. LONDON/ ZURICH, June 27- Nestle plans to buy back as much as 20 billion Swiss francs worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company. The New York- based hedge fund, controlled by billionaire...

  • *Nestle to repurchase up to $20.8 billion in shares by June 2020. ZURICH, June 27- Nestle announced plans to buy back as much as 20 billion Swiss francs worth of shares over three years, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company. The New York- based hedge fund, controlled by billionaire investor Daniel...

  • ZURICH, June 27- Nestle plans to buy back as much as 20 billion Swiss francs worth of shares by June 2020, the Swiss food giant said on Tuesday as it responds to pressure brought by U.S. activist shareholder Third Point LLC. The New York- based hedge fund, controlled by billionaire investor Daniel Loeb, disclosed a $3.5 billion stake in the company on Sunday and is...

  • June 26- Nestle is under pressure from U.S. activist shareholder Third Point, which has taken a $3.5 billion stake in the food maker and is pushing Europe's largest company to improve margins, buy back shares and get rid of non-core businesses. Nestle shares jumped as much as 4.8 percent on Monday, touching a record high as investors hoped that Third Point's stake,...

  • By Michael Erman and Martinne Geller. June 26- Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve margins, buy back stock and shed non-core businesses. Third Point disclosed the Nestle position in a letter to the hedge fund's...

  • June 25- Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses. The 3.28 billion Swiss francs stake is the largest ever taken by the hedge fund, which pressed for change in...

  • June 25- Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses. The 3.28 billion Swiss francs stake is the largest ever taken by the hedge fund, which pressed for change in...

  • June 25- Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a more than 1 percent stake in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses. The stake, worth around 3.28 billion Swiss francs, is one of the largest taken by the hedge fund, which pressed for...

  • MEXICO CITY, June 14- OHL Concesiones, a unit of Spanish construction group OHL, and IFM Global Infrastructure Fund will launch on Thursday a share buyback for OHL Mexico stock, the Mexican unit said on Wednesday. The board of OHL Mexico said an offer price from IFM GIF, an Australia- based closed private equity fund, was fair and that it had taken into consideration...

  • June 8- Yahoo Inc shareholders on Thursday approved the company's pending sale of its core internet business to Verizon Communications Inc for $4.48 billion, according to preliminary results from a shareholder meeting. Yahoo expects that the deal will close on June 13, 2017. The company also said it extended a tender offer to buy back up to $3 billion shares to...

  • SAO PAULO, June 2- Brazil's planemaker Embraer SA will buy back up to 3 million shares, equivalent to 0.4 percent of total shares in circulation, the company said in a securities filing.

  • May 16- Yahoo Inc said on Tuesday it would buy back up to $3 billion shares through a tender offer to provide liquidity to stockholders looking to sell the stock ahead of the company's pending deal with Verizon Communications Inc.. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 2 percent at $50.81.

  • May 16- Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares to provide liquidity to stockholders looking to sell shares ahead of the company's pending deal with Verizon Communications Inc.. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 2 percent at $50.81.

  • May 16- Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares, ahead of the company's pending deal with Verizon Communications Inc.. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 0.6 percent at $50.15 in premarket trading. Verizon agreed to buy Yahoo's core internet properties...

  • May 16- Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares to provide liquidity to stockholders looking to sell shares ahead of the company's pending deal with Verizon Communications Inc.. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 2 percent at $50.81.

  • Faber Report: Yahoo announces buyback

    CNBC's David Faber reports the latest on Yahoo's core business sale to Verizon as it plans to initiate a Dutch tender for shares repurchasing.

  • May 16- Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares, ahead of the company's pending deal with Verizon Communications Inc.. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 0.6 percent at $50.15 in premarket trading. Yahoo said it would pay between $50.79 and $44.74 per share...