BNET Business Dictionary
Business Definition for: Repurchase Agreement
- in the bond and money markets, a spot sale of a security combined with its repurchase at a later date and pre-agreed price. In effect, the buyer is lending money to the seller for the duration of the transaction and using the security as collateral. Dealers finance their positions by using repurchase agreements.
- Also known as Repo
Additional Resources
- Bemis Company Enters into Accelerated Share Repurchase Agreement to Purchase Four Million Shares of Bemis Common Stock
- NEENAH, Wis. -- Bemis Company, Inc. (NYSE:BMS) announced today that it has entered into an accelerated share repurchase agreement with Goldman, Sachs & Co. ("Goldman") for the repurchase of four million shares of Bemis common stock. This transaction will substantially exhaust the existing authorization for share repurchase approved by Bemis'...
- Research articles 2007-08-01
- Polaris Announces Increase in Share Repurchase Authorization; Enters into Accelerated Share Repurchase Agreement
- * Board of Directors approves 7.0 million share increase in share repurchase authorization * Polaris enters into an accelerated share repurchase agreement with Goldman, Sachs & Co. to immediately repurchase an aggregate of up to $200 million of its common stock * Polaris enters into new credit facility...
- Research articles 2006-12-06
- Assignments Of Rents By Lessor With Repurchase Agreement
- This is a template which can be used as an assignment of rents by lessor with repurchase agreement. The template contains various clause or conditions which can be mentioned in the assignment.
- Tools & templates 2007-12-01
- Assignment Of Rents By Lessor With Repurchase Agreement
- Lenders, have a corporate borrower sign over the rents under a lease of company-owned property with this Assignment of Rents by Lessor with Repurchase Agreement, as security for a loan and other credit facilities being advanced to the borrower.
- Tools & templates 2007-12-01
- Rockwell Collins Enters into Accelerated Share Repurchase Agreement
- CEDAR RAPIDS, Iowa -- Rockwell Collins, Inc. (NYSE:COL) today announced it repurchased four million shares, or approximately 2.3 percent of its outstanding common stock on August 16, 2005. The shares were purchased from UBS AG London Branch UBS in conjunction with an accelerated share repurchase agreement at an initial cost...
- Research articles 2005-08-17
- KLA-Tencor Announces $750 Million Accelerated Share Repurchase and an Additional 10 Million Share Repurchase Program
- SAN JOSE, Calif. -- KLA-Tencor Corporation (Nasdaq:KLAC) today announced that it has entered into an accelerated share repurchase agreement under which the Company will repurchase $750 million of its common stock. The Company also announced that its Board of Directors has approved a new 10 million share repurchase program. The...
- Research articles 2007-02-22
- Polaris Updates Accelerated Share Repurchase Transaction
- MINNEAPOLIS -- Polaris Industries Inc. (NYSE:PII) announced today that it has repurchased 3.55 million shares of Polaris common stock at an initial purchase price of approximately $165.6 million, or $46.64 per share in connection with the accelerated share repurchase agreement with Goldman, Sachs & Co. ("Goldman"). Polaris announced on December...
- Research articles 2006-12-08
- Agreement to Repurchase and Redeem Shares Held by Datamark Inc. in Datamark-Lithochrome Inc
- MONTREAL, Quebec--BUSINESS WIRE--March 15, 1996--Datamark (ME:DMK) Mr. Frank Heller, Chief Executive Officer of Datamark Inc. ("Datamark"), the shares which are listed on the Montreal Stock Exchange under the symbol DMK, is pleased to announce that pursuant to a share repurchase agreement signed yesterday, Datamark-Lithochrome Inc. ("Datamark-Lithochrome"), a subsidiary of Datamark...
- Research articles 1996-03-15
- Unum Group Announces $350 Million Accelerated Share Repurchase
- CHATTANOOGA, Tenn. -- Unum Group (NYSE: UNM) announced today that it repurchased approximately $350 million of its outstanding common stock from Morgan Stanley using an accelerated share repurchase agreement. The repurchase follows the previously announced authorization by Unum's board of directors to repurchase up to $700 million of the company's...
- Research articles 2008-01-31
- Polaris Completes Accelerated Share Repurchase Transaction
- * Completes 3.55 million share repurchase announced in December with final $13.0 million payment. * Resumes open market and privately negotiated share repurchase program. * Reaffirms guidance for full year 2007 earnings from continuing operations of $2.95 to $3.05 per diluted share. MINNEAPOLIS -- Polaris Industries Inc....
- Research articles 2007-08-14
- Dow Jones Announces Repurchase of Four Million Shares
- NEW YORK--BUSINESS WIRE--June 4, 1998--Dow Jones & Company announced today the repurchase of four million shares of its common stock, or roughly 4.1% of the basic shares outstanding. The shares were purchased pursuant to a privately negotiated stock repurchase agreement with a financial institution, which borrowed the shares. The initial...
- Research articles 1998-06-04
- Hollinger Inc. Announces Agreement to Sell Interest in Cayman Islands Newspaper
- Hollinger Inc. (TSX: HLG.C)(TSX: HLG.PR.B) announced that, on August 9, 2007, its wholly-owned subsidiary, Holcay Holdings Ltd ("Holcay"), entered into a repurchase agreement under which Holcay has agreed to sell its 39.99% interest in the outstanding shares of Cayman Free Press Limited ("CFP"). CFP is the owner and operator of...
- Research articles 2007-08-10
- Clorox Announces Accelerated Share Repurchase Agreement
- OAKLAND, Calif. -- The Clorox Company (NYSE:CLX) today announced it has entered into an accelerated share repurchase ASR agreement with Citibank, N.A. and JP Morgan Chase Bank, National Association.
- Research articles 2007-08-13
- Storagetek To Repurchase up to 4.5 Million Shares Of Its Stock
- LOUISVILLE, Colo.--BUSINESS WIRE--Sept. 19, 1996--Storage Technology Corp. (NYSE:STK) announced today that its Board of Directors authorized the repurchase of up to 4.5 million outstanding shares of the company's common stock through a privately negotiated stock repurchase agreement.
- Research articles 1996-09-19
- Dow Jones Announces Repurchase of Four Million Shares
- NEW YORK--BUSINESS WIRE--June 4, 1998--Dow Jones & Company announced today the repurchase of four million shares of its common stock, or roughly 4.1% of the basic shares outstanding. The shares were purchased pursuant to a privately negotiated stock repurchase agreement with a financial institution, which borrowed the shares. The initial...
- Research articles 1998-06-04
- HP Announces $1.3 Billion Accelerated Share Repurchase; HP Board of Directors Authorizes Additional $3 Billion for Share Repurchases
- PALO ALTO, Calif. -- HP (NYSE:HPQ) (Nasdaq:HPQ) today announced that it repurchased approximately $1.3 billion of its outstanding common stock in an accelerated share repurchase agreement. Along with additional repurchases during the quarter, HP expects repurchases for the fourth quarter of fiscal year 2004 to total approximately $2.1 billion, or...
- Research articles 2004-09-20
- Aspect Medical Announces Additional Share Repurchase from Boston Scientific
- NORWOOD, Mass. -- Aspect Medical Systems, Inc. (Nasdaq: ASPM) today announced that it had exercised an option to purchase 2.5 million shares of Aspect common stock held by Boston Scientific Corporation (NYSE: BSX) pursuant to the Termination and Repurchase Agreement, dated June 11, 2007, between Aspect and Boston Scientific. The...
- Research articles 2007-07-06
- Bemis Completes Repurchase of Four Million Shares
- NEENAH, Wis. -- Bemis Company, Inc. (NYSE:BMS) announced today that it has repurchased four million shares of Bemis common stock at an initial purchase price of $117.9 million or $29.47 per share. The shares were repurchased as part of an accelerated share repurchase agreement with Goldman, Sachs & Co. as...
- Research articles 2007-08-03
- Royal Caribbean Calls LYONs for Redemption and Enters Into Stock Repurchase Agreement.
- MIAMI, June 2 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE: RCL; Oslo) announced today that it has called for the redemption of all of its outstanding Liquid Yield OptionTM Notes due February 2, 2021 ("LYONs"). The redemption date is June 19, 2006. The redemption...
- Research articles 2006-06-02
- Thornburg Mortgage Inc. Q3 2007 Earnings Call Transcript
- Question-and-Answer Session Operator Thank you. [Operator Instructions]. Our first question is with Richard V. Shane with Jefferies and Company. Please go ahead sir. Richard V. Shane - Jefferies & Co. Larry, thanks for taking my question. I’m going to ask you to try to...
- Earnings calls 2007-10-18
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