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Read more: Share Buy-backs – Reloaded | Insights into Selected Areas of Publicly Announced Share Buy-backs by Swiss Companies
Share Buy-backs – Reloaded | Insights into Selected Areas of Publicly Announced Share Buy-backs by Swiss Companies
Arbitrageurs are important players in the buy-back market, primarily because of certain tax considerations. One important driver is the repurchase price a company is permitted to offer in a share buy-back. Particular attention should be placed to secondary market transactions during a share buy-back (e.g., sales of ADRs). Novelties include VWAP-based buy-back programs and buy-backs…
Reference: CapLaw-2019-17
