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Tag Archives: Share Repurchase

CGI to Repurchase 6M Class A Shares

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CGI Group has announced plans to buy back 5,940,000 shares of the Montreal-based company’s Class A common stock for cancellation from the open market by Feb. 10, 2016. The Toronto Stock Exchange authorized CGI to use a normal course issuer bid strategy to purchase its outstanding shares through private agreements, the ...

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Leidos Signs Deal to Repurchase $100M in Outstanding Shares

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Leidos Holdings (NYSE: LDOS) has reached an agreement with a financial institution to repurchase $100 million of the company’s outstanding shares of common stock. The company will acquire those shares under an existing repurchase authorization and the financial institution is set to deliver 80 percent of the shares in the near term, Leidos ...

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David Thompson: Orbital ATK Board OKs $75M Share Buyback Plan

David Thompson

The board of directors of Orbital ATK (NYSE: OA) has authorized the repurchase of as much as $75 million of its common stock from shareholders through the end of the year. “I am very pleased that our board has adopted management’s recommendations for a balanced and sustainable plan to return capital to ...

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Northrop Board OKs Additional $3B Stock Buyback Plan

northrop Grumman_BLUE

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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URS Details 2-Year Repurchase, Dividend Plan; Thomas Hicks, Martin Koffel Comment

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URS Corp. (NYSE: URS) has told investors that it plans to return $500 million of its capital to stockholders by the end of fiscal year 2015. The company will carry out the plan via share repurchases and dividends as part of its capital allocation strategy over the next two years, ...

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L-3 Increases 9th Straight Quarterly Dividend, Buying Back $1.5B In Shares

L-3 Communications (NYSE: LLL) has increased its quarterly dividend for the ninth straight quarter as the board of directors declared a 55-cent dividend, 10 percent more than the previous 50-cent dividend. The company will also enter its sixth share repurchase program as the board has approved a plan to buy ...

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Boeing to Restart $3B Share Buyback, Issues 10% Higher Dividend

Boeing (NYSE: BA) announced Monday it will restart its $3.6 billion share repurchase program, with plans to buy back between $1.5 billion and $2.0 billion in stock during 2013. The company also announced a regular quarterly dividend of 48.5 cents per share, a 10 percent increase. Shareholders of record as ...

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