 AAPL | Apple Inc.’s board of directors authorized a $10 billion share repurchase program commencing in the Company’s FY 13, which begins on Sep 30, 2012. The repurchase program is expected to be executed over three years, with the primary objective of neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs. |
Recent Events: Buyback
Apple to Repurchase $10B Shares
March 19, 2012
U.S. Bancorp Announces 100M Shares Repurchase Program
March 13, 2012
 USB | U.S. Bancorp's board approved an authorization to repurchase up to 100 million shares of its outstanding common stock. This new authorization replaces the company’s current share repurchase program. U.S. Bancorp’s common stock shares may be repurchased through March 2013 in the open market or in privately negotiated transactions. The acquired common shares will be held as treasury shares and may be reissued for various corporate purposes. |
Motorola Solutions Raises Stock Repurchase Program to $3B
January 30, 2012
 MSI | Motorola Solutions, Inc. announced that Board of Directors authorized up to $1.0 billion in additional funds for use in the existing stock repurchase program through the end of 2012. This increase of up to $1 billion is in addition to the up to $2 billion announced in July 2011, raising the total authorization to up to $3 billion. After stock repurchases of $1.1 billion through Dec. 31, 2011, Motorola Solutions will have up to $1.9 billion for its stock repurchase program in 2012. The Company said it may repurchase shares on the open market or in private transactions depending on market conditions, and that it expects to use existing cash and cash from operations for the repurchases. |
Teva Pharma Announces $3B Share Repurchase Program
December 21, 2011
 TEVA | Teva Pharmaceutical Industries Ltd. announced that its board of directors authorized the company to repurchase up to an aggregate of $3 billion of its ordinary shares/ADRs from time to time, based on market conditions. At Teva’s current market capitalization, this amount would represent 8% of the outstanding common stock. The repurchase program has no time limits and is expected to be completed over a three-year period. |
Zimmer Announces New $1.5B Stock Repurchase Authorization
December 19, 2011
 ZMH | Zimmer Holdings, Inc. Board of Directors authorized a new share repurchase program. The new share repurchase program authorizes purchases of up to $1.5 billion of the Company's common stock through Dec 31, 2014. No further purchases will be made under the earlier program, which authorized purchases through Dec 31, 2013. The Company had 179.2 million shares of common stock outstanding as of Oct 26, 2011. |
Pfizer to Repurchase $10B Common Stock
December 13, 2011
 PFE | Pfizer Inc. announced that its board of directors authorized a new share repurchase program for up to $10 billion in addition to the amount remaining under the current repurchase program. |
Starbucks to Repurchase Additional Upto 20M Shares
November 9, 2011
 SBUX | Starbucks Corporation's Board also authorized the repurchase of up to an additional 20 million shares of the company's common stock. This authorization is in addition to 4.4 million shares that remain available for repurchase under previous authorizations. The updated was provided in conjunction with 4Q 11 results. |
