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Tag Archives: Share Repurchase

Northrop Board OKs Additional $3B Stock Buyback Plan

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Northrop Grumman (NYSE: NOC) will repurchase an additional $3 billion of its common stock following approval from the board of directors. The company said Thursday that further share repurchase transactions are subject to authorization from management as well as market conditions. The Wall Street Journal reported that Northrop plans to buy back 25 percent of its shares before ...

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Carlyle Group Reduces Booz Allen Ownership Stake to 37%

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An affiliate of The Carlyle Group (NASDAQ: CG) has sold 10 million shares of Booz Allen Hamilton‘s (NYSE: BAH) Class A common stock to J.P. Morgan Securities for $263.1 million, or around $26.31 per share. Booz Allen said Wednesday that these transactions would result in Carlyle owning 37 percent of Booz Allen’s outstanding stock. The firm added that it also ...

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Marillyn Hewson: Lockheed Extends Dividend Increases as Repurchase Program Continues

Marillyn Hewson

Lockheed Martin (NYSE: LMT) will move forward on its share repurchase program after the board of directors approved to buy back an additional $2 billion of the company’s common stock. The company also said Thursday its dividend for its fiscal year 2014 fourth quarter will increase 13 percent from the previous quarter $1.50 and is payable on Dec. ...

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Jeffrey Tarr: DigitalGlobe to Repurchase Shares, Explore M&A

Jeffrey Tarr

Jeffrey Tarr, CEO of DigitalGlobe (NYSE: DGI), has outlined the company’s strategies to build shareholder value over time following the release of its financial results for the second fiscal quarter. Tarr said Thursday DigitalGlobe is looking into mergers and acquisitions as it executes a $75 million share repurchase plan within the next two years. For the quarter ended June ...

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