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In the case of a buyback, cash is literally returned to the shareholders who participate in the tender offer by selling their shares back to the company.
by fairity 5y ago
In the case of a buyback, cash is literally returned to the shareholders who participate in the tender offer by selling their shares back to the company.
- dalbasal 5y agoThey're no longer shareholders. And, since buybacks are value neutral... they're not getting a premium when they sell.