Breaking News

Givaudan Will Buy Back

November 14, 2005

Givaudan AG, Geneva, Switzerland, said it plans to buy back 10% of its own shares, citing a lack of acquisition prospects as the reason.
Givaudan’s board of directors plans to start a new share buy-back program of up to 800,000 registered shares, or 10% of the share capital. A further reduction of the share capital by the amount of shares to be repurchased will be proposed at the company’s annual general meeting April 16, 2004, to further improve earnings per share, company executives said.
The buy-back program was motivated by the company’s ample liquid funds, high free cash flow, attractive share price and a current lack of major value-adding acquisitions. On March 31, the company completed its first share buy-back program, according to a company spokesperson.

blog comments powered by Disqus
  • Kitchen Counter Cosmetics

    Kitchen Counter Cosmetics

    Christine Esposito, Associate Editor||May 2, 2016
    LOLI box marks the convergence of natural and organic ingredients, subscription service and DIY cosmetic chemistry.

  • What’s New at La Prairie?

    What’s New at La Prairie?

    Melissa Meisel, Associate Editor||April 25, 2016
    VP of marketing shares the latest buzz with Happi.

  • Mapping Out Multicultural Beauty

    Mapping Out Multicultural Beauty

    April 25, 2016
    Agnieszka Saintemarie of Kline Group about current trends and challenges in multicultural beauty.

  • Bite Now

    Bite Now

    Christine Esposito, Associate Editor||May 2, 2016
    Is the time finally right for beauty-from-within to move into the mainstream?

  • Boxed Out?

    Boxed Out?

    Tom Branna, Editorial Director||May 2, 2016
    Salon sales outpace mass-market results in the highly competitive, highly fashionable and yes, highly-colorful hair color cat

  • That’s Awesome!

    That’s Awesome!

    May 2, 2016
    Extracts & Ingredients highlights the newest ideas in efficacious oils for the personal care market.