Posts Tagged: "stock repurchase"

ARRIS to Acquire Motorola Home Business for $2.35 Billion

you might want to take this with a grain of salt, but Arris announced on November 1, 2012, that its Board of Directors authorized an additional $150 million in share repurchases of the company’s common stock. ARRIS currently has $19.6 million available under its prior authorization for share repurchase, and since 2008 the company has repurchased 34.2 million shares at an aggregate cost of $306.3 million. Thus, we have a big deal to acquire the Motorola Home business from Motorola Mobility and an ongoing stock repurchase plan with Google owning nearly 16% of the company? Call me crazy but I think this warrants serious investors taking a closer look at the fundamentals.

AOL Stock Purchase Enabled by $1 Billion Microsoft Patent Deal

It was less than two weeks ago that AOL announced that it completed a $1.056 billion patent transaction with Microsoft Corporation (NASDAQ: MSFT). At the time of the announcement of the Microsoft transaction AOL explained that the company expected to provide additional details to shareholders by the end of June. Earlier today, AOL Inc. (NYSE: AOL) announced that it has commenced a modified Dutch auction tender offer to repurchase shares of its common stock up to an aggregate purchase price of $400 million, making good on its earlier promise to shareholders. Indeed, this announcement is being touted by the company as a first step in returning 100% of the proceeds of its recent patent transaction to its shareholders by the end of calendar 2012.