Wednesday, November 20, 2013

Yahoo! (YHOO) Increases Share Buyback Program

Yahoo! (YHOO) announced it has increased its share buyback authorization by $5.0 billion. In addition, Yahoo! announced the issuance of $1 billion in convertible debt.

YHOO closed yesterday (02013.11.19) at $34.63. 52-week range: $18.20 - $36.19. In early morning trading today YHOO spiked to $35.82.

[update::02013.11.21] YHOO hit a new 52-week high yesterday (02013.11.20) of $36.22 before closing at $35.62. After the close Yahoo! announced "Pricing of Upsized Offering of $1.25 Billion Convertible Senior Notes Due 2018."

No comments:

Post a Comment