3 ms·
They are using previously allocated $30 billion share buyback to repurchase the shares from the open market. So they are still planning to purchase more shares
by kbutler 8y ago
They are using previously allocated $30 billion share buyback to repurchase the shares from the open market.
So they are still planning to purchase more shares than this $7.5B issue.
https://seekingalpha.com/article/4179322-github-deal-fits-new-microsoft https://seekingalpha.com/article/4179322-github-deal-fits-ne...
- ramen-san 8y agoYes, it's true they have a stock buyback plan, so net-net it will be a wash. But the marginal decision remains the same - should we pay cash or shares for Github? If they really felt their shares were undervalued, why not just pay cash? Stock buyback plans are heavily pre-meditated programs with relatively rigid rules. It's not like they added an extra ~8B to the last buyback plan in anticipation of this exact event.