Seeking Alpha

Halliburton to pay $3.3B to buy back 68M shares from Dutch auction

  • Halliburton (HAL -0.3%) will pay $3.3B to buy back ~68M shares of its common stock, or about 7.4% of its outstanding shares, that were part of its Dutch auction tender offer which expired a week ago.
  • HAL had said last month it planned to spend $3.3B buying back the stock, then announced last week that 100.2M shares were tendered in the Dutch auction at $48.50/share or less.
Comments (1)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    This is the new Western corporate growth....buying back stock....a bene to the CEO┬┤s stock option plans...bad for the NYSE as less stock to play with....it is the USA growth market....stock buy backs
    29 Aug 2013, 11:16 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|