current page:home>Overview>Companies>Article

Home Depot to Buy Back Shares

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-09-04

ATLANTA (AP) -- Home improvement retailer Home Depot Inc. said Tuesday it expects to repurchase 289.6 million shares of stock at $37 per share, after reviewing the preliminary results of a tender offer to buy back stock.

The $10.7 billion repurchase accounts for about 15 percent of shares outstanding as of Aug. 31.

Home Depot initially offered to repurchase up to 250 million shares, but under the terms of the offer has elected to purchase an additional 39.6 million tendered.

The actual number of shares repurchased and the price will be finalized after the completion of the confirmation process.

Shares of Home Depot fell $1.34, or 3.5 percent, to $36.97 in premarket trading. Shares have traded between $31.85 and $42.01 during the past year.

上一篇：Chevron Claims Unfair Trial in Suit 下一篇：Ahead of the Bell: Merck

[

Collection] [

Commend] [

Comment On(0Item)] [Back Top] [Print] [Close]

Hot Article

·JetBlue Disputes Peers on FAA
·Google Begins Hosting News on
·C&D Completes Segment Sale
·Texas Supreme Court Rules Agai
·Bank of America Spent $1.4M on
·Sony Ericsson President Steppi
·Lynx Airlines Certification De
·Acacia Research in Oracle Lice
·Chevron Claims Unfair Trial in
·Ahead of the Bell: Merck

Correlation Article

·Chevron Claims Unfair Trial in
·Ahead of the Bell: Merck
·Acacia Research in Oracle Lice
·Lynx Airlines Certification De
·Sony Ericsson President Steppi
·Bank of America Spent $1.4M on
·Texas Supreme Court Rules Agai
·C&D Completes Segment Sale
·Google Begins Hosting News on
·JetBlue Disputes Peers on FAA