AOL Time Warner announced plans to repurchase up to $5 billion of...
AOL Time Warner announced plans to repurchase up to $5 billion of merged company’s common stock and file universal shelf registration statement for $10 billion. After first board meeting Thurs., AOL Time Warner said it would begin buyback next…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
month, making purchases from time to time over next 2 years, depending on market conditions. At same time, it will use $10 billion shelf registration to cover issuance of debt securities, common stock, series common stock, preferred stock, warrants. Company said moves would give it “greater financial flexibility” to take advantage of marketplace opportunities, boost return on capital, build shareholder value. Separately, AOL Time Warner CEO Gerald Levin donated $10 million to new National Cable Television Center and Museum in Denver in honor of his late son, Jonathan, N.Y.C. high school teacher murdered several years ago.