Seeking Alpha

Murphy Oil (MUR +1.2%) enters a share-repurchase agreement with J.P. Morgan Chase to buy back...

Murphy Oil (MUR +1.2%) enters a share-repurchase agreement with J.P. Morgan Chase to buy back $250M of its common stock, part of MUR's authorized program to buy back up to $1B of its shares. All MUR shares delivered under the accelerated share-repurchase transaction will be immediately retired.
Comments (1)
  • Major changes to the capitalization of this company needs to be approved by the shareholders and holders of the debt securities. SEC take note. Under-the-table deals are to be avoided else hard time for Horton and crew!

     

    Pay off the bonds!
    11 Dec 2012, 03:49 PM Reply Like
DJIA (DIA) S&P 500 (SPY)