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Wednesday, 5 August 20:28 (GMT -05:00)



Business And Politics News

Yahoo’s Buy-Back May Reach $5bn


 

The official representatives of Yahoo! have just reported that the buy-back of the company’s stock may well be increased up to $5bn.
 

 

 

 

Market Leader reports that the official statement also mentions convertible bonds that expire in 2018 9to the amount of $1bn).
 
Since the beginning of 2013, Yahoo! has already spent over $3.1bn on the purchases of its own shares.  Investors seem to be reassured by the news since the price gained 1.6% yesterday. The current price is around $35,17 per share.
 
The buy-back was started in May 2012 and resulted in a 74% price increase since then. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of YHOO:
 

 

 

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Publication date: 07 August 06:54 AM

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