Buyback Leaders Surging, Anadarko (APC) and Coach (COH)
Posted in General by: adminAugust 26th, 2008
Anadarko Petroleum (APC) is indicated higher after the company said that it was going to buy back up to $5 Billion common stock, or 18% of the company, out to August 2011. The company is also increasing its capital spending plan for 2009 and beyond.
Coach Inc. (COH) traded higher after announcing that it was going to buy back up to $1 Billion in common stock after its $1 Billion buyback plan from November 2007 has already been utilized. Shares are indicated up 4% pre-market around $27.50, although this number may be higher or lower by the open as we have more than two hours before the market opens.
JON OGG
August 26, 2008
VS Investor RSS Feed