(Reuters) - Expedia, the online travel agency controlled by Barry
Diller, said on Monday it was cutting its plan to buy back its
own shares by almost 80 percent, blaming a lack of attractive
financing available in credit markets. For details, see
[ID:nN23339116]
Expedia said it would buy back a maximum of 25 million
shares at a price between $27.50 and $30 per share. In June, it
announced a plan to buy up to 116.7 million shares, or more
than one-third of those outstanding, in the same price range.
Read more at Reuters.com Mergers News
Diller, said on Monday it was cutting its plan to buy back its
own shares by almost 80 percent, blaming a lack of attractive
financing available in credit markets. For details, see
[ID:nN23339116]
Expedia said it would buy back a maximum of 25 million
shares at a price between $27.50 and $30 per share. In June, it
announced a plan to buy up to 116.7 million shares, or more
than one-third of those outstanding, in the same price range.
Read more at Reuters.com Mergers News
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