Originally Posted by
cmesoar
Good info. So other than speculating that this could effect negotiations, (there is no proof of this without them admitting) why would they do this?? I am looking for someone that knows why a company would make this purchase. I think they bought 500 million in shares about a year ago. My thoughts are to increase stock price, or lower cash for an acquisition.. etc. I honestly have no idea.
I'm not too savvy on this topic but, I did some searching this morning. Basically from what I gather, said company literally has so much extra money and they have exhausted all ways of spending it.
Here is a good article -
https://www.forbes.com/sites/aalsin/.../#75699d196b1e
"Buying back company stock can inflate a company’s share price and boost its earnings per share — metrics that often guide lucrative executive bonuses"