0 an arrangement in which a business or person sells something, especially shares in companies, and then buys them again according to an agreement:
1 the act of buying something from the same person you sold it to, especially an offer by a company to buy shares of its own stock from shareholders:
Redemption relates to the customary practice of land-sales containing buyback arrangements, some of surprisingly long duration.
Also, in the 1990s, many firms increasingly used stock buybacks instead of dividends to pay out funds to shareholders.
In 1999, after stock buybacks, the firm earned $1.66 a share or $65.1 million.
Over two years, buybacks and special dividends paid in takeovers have probably extracted £1.75 billion from taxpayers.
With regard to the acquisition of quotas from the buyback programme, however, the other tobacco farmers who wish to purchase the quotas have priority.
The main producer states also oppose quota buyback as over time it would result in a progressive reduction in the amount of subsidized production.
For specific types of tobacco which face steadily declining markets, the buyback price was increased significantly so that producers have an incentive to cease cultivation.
Proceeds from the buyback were £148,469,927.55.
