Tucows To Buy Back Shares
August 25, No Comments - Author: Simon JohnsonTucows, Inc. (TCX) is commencing a ‘Dutch auction’ tender offer to repurchase up to 5 million shares of its common stock. This represents approximately 7.4 percent of Tucows’ outstanding shares.
Kikabink News has covered the story, providing some interesting commentary: “Companies vary in their motivations for doing share buy-backs. It can be a sign of huge faith in the company or it can be for other reasons. I won’t speculate here, but if I was an investor in Tucows I sure would want to know…”
You can view the latest Tucows share price on the right hand side of the page. This year its gone from 0.31 to 0.56. What are your thoughts on this?
Previous | Next Post:
« Auctions Crack Down On Shill Bidding | Top Level Domain Holdings and Minds & Machines Merge »
Facebook comments: