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AOL (AOL -1.6%) will reportedly launch a stock buyback this week to start returning part of the...

AOL (AOL -1.6%) will reportedly launch a stock buyback this week to start returning part of the $1.056B windfall it received from its patent sale to Microsoft to shareholders. The cash from the sale, which helped management thwart Starboard Value's proxy campaign, makes up a large chunk of AOL's current $2.5B market cap
Comments (1)
  • rambler1
    , contributor
    Comments (602) | Send Message
     
    That's great! Shareholders get a $1bil. The stock is up approximately $8 with 93 + million shares outstanding adding $700 mil or so in market cap. So lets spend the money buying back more expensive stock and pay taxes on the patent sale. Outside of making earnings per share easier to reach for management I don't see the benefit.
    25 Jun 2012, 10:18 AM Reply Like
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