Expedia To Buy Back $3.5 Billion Of Common Stock
Expedia Inc. intends to buy back more than 116.6 million shares, or about 42% of the shares outstanding, of its common stock, worth about $3.5 billion. The tender offer would be at a price per share of no less than $27.50 and no greater than $30. Chairman Barry Diller said, "With this action, we...
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