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Investing Glossary:
Share repurchase
Copyright 2012,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| Program by which a Corporation buys back its own Shares in the open market. It is usually done when shares are undervalued. Since repurchase reduces the number of shares Outstanding and thus increases Earnings per share, it tends to elevate the Market value of the remaining shares held by stockholders.
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