1. National Semiconductor Corp., a maker of chips that manage power in electronic devices, announced an accelerated stock buyback valued at $1.5 billion as part of a program worth a total of $2 billion.
2. The company has an existing repurchase program valued at an additional $380 million.
3. The company also announced plans to sell $1 billion in bonds. The proceeds will be used to repay a bridge loan, which was taken out to help fund the share buybacks.
The name’s Bonds. Just Bonds.
They obviously lower expenses when Bond rates are lower than Bridge Loan rates and the return on investment.
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