CA buys back shares
Vendor splashes out $436m in accelerated share repurchase
Software giant CA has repurchased approximately 16.9 million common shares at a cost of around $436m.
The repurchase was executed under an accelerated share repurchase (ASR) agreement with a third-party financial institution and was funded with existing cash, the vendor claimed. The ASR is part of CA’s previously announced $2bn share repurchase plan.
CA made no comment on the share repurchase.
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