TSXV:AAA.P - Post by User
Post by
bob-ten1on Apr 19, 2012 2:16pm
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Post# 19813310
The bought deal .80 shares most
The bought deal .80 shares most likely went into funds or large holders . Otherwise known as friendly hands. Now here is another reason companies do buy backs.
Some companies buy back shares as protection against unfriendly takeovers from other companies. By gathering outstanding shares off the open market, the company makes it more difficult for a raider to take control.