Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue August 2014
 •  Solace Recalls Skin Tag Remover  •  Lysol Signs Jerry Rice  •  DS Healthcare Opens Hair Loss Clinic  •  Woolite Taps Style Expert for New TV Campaign  •  Restorsea Rolls Out 24-Karat Gold Oil
Print

Givaudan Will Buy Back



Published November 14, 2005
Related Searches: share liquid executives active
Post a comment
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