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Article: DaimlerChrysler Approves Share Buyback Program of Up to 7.5 Billion Euros Within One Year.
- Article from:
- PR Newswire
- Article date:
- August 29, 2007
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STUTTGART, Germany, Aug. 29 /PRNewswire-FirstCall/ -- DaimlerChrysler today decided on a share buyback program. In exercise of the authorization granted by the Annual Meeting of April 4, 2007, the Board of Management and the Supervisory Board approved a program for the company to acquire its own shares.
This is a logical step to take in view of the high net liquidity in the Industrial business as well as the good prospects for earnings and cash flows in all divisions. Following the structural and strategic realignment of the core business, this decision will also optimize the company's capital structure and make it more efficient.
The share buyback ...