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CP Rail Chief Harrison Favors Buyback Over Dividend Increase
2014-02-20 06:55:17| Railroads - Topix.net
Canadian Pacific Railway Ltd. is leaning toward implementing a stock buyback this year, a nod to the needs of U.S. investors, along with a "modest" dividend increase, Chief Executive Officer Hunter Harrison said.
Tags: increase
chief
rail
harrison
Jos. A. Bank commences $300M tender buyback offer
2014-02-19 19:18:45| Apparel - Topix.net
Jos. A. Bank Clothiers on Wednesday launched its offer to buy back up to $300 million worth of stock from shareholders.
Icahn says 'I can't' and stops $50B fight over Apple stock buyback
2014-02-11 13:46:31| InfoWorld: Top News
Investment agitator and former corporate raider Carl Icahn today tossed in the towel in his fight to get Apple to boost its share buyback program by another $50 billion after an influential proxy advisory service nixed the idea. The white flag put an end to a months-long campaign by Icahn that some analysts said was at best a distraction to Apple, at worst trouble -- the kind with a capital "T."
Icahn backs off from Apple buyback plan
2014-02-10 22:33:00| Telecompaper Headlines
(Telecompaper) Investor Carl Icahn has abandoned his months-long campaign to get Apple to buy back additional portions of its stock, following news that a major advisory firm and investor would not offer support for the plan, reported CNN. In an open letter to Apple shareholders, Icahn said he agrees with ISS, an advisory firm, that Apple has already bought back a large amount of its stock, and there is not a need for more aggressive action. "While we are disappointed that last night ISS recommended against our proposal, we do not altogether disagree with their assessment," read the letter, which noted that Apple is on course to buy back USD 32 billion in shares during 2014, an amount that is USD 18 billion short of what Icahn was asking for. "In light of these actions, and ISS's recommendation, we see no reason to persist with our non-binding proposal, especially when the company is already so close to fulfilling our requested repurchase target," the letter said. New York City Comptroller, Scott Stringer, who controls investments in the city's pension plan and is a major investor in Apple, also disagrees with Icahn's buyback plan. Icahn has purchased more than USD 4 billion in Apple stock since summer 2013 and had been pushing the company to buy back additional stock and launch new products at a faster pace.
Tags: plan
apple
backs
buyback
Helen of Troy board approves $550M stock buyback
2014-02-10 13:11:36| Appliances - Topix.net
The company, whose brands including Febreze and Dr. Scholl's, said that it will start a modified "Dutch auction" tender offer on Monday to buy up to $300 million of its shares.
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