Proxy advisory firm ISS Inc has urged shareholders not to support the share buyback proposed by Carl Icahn to return more cash to its shareholders, Reuters reported.
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A Reuters report said 3M Co revealed its plans to purchase its shares back worth up to $22 billion, making it the biggest so far in terms of percentage among US companies who have announced similar plans this year.
Boeing Co has increased its quarterly dividend from $0.485 cents a share to $0.73 cents and have authorized a new $10 billion share repurchase in the next two to three years, Reuters reported.
The resignation of billionaire Carl Icahn's director appointees in Take-Two Interactive Software Inc's board of directors was part of an earlier agreement should Icahn decide to sell his position in the video game publisher.
Swiss lender UBS said it will be offering to repurchase some of the shares of its Puerto Rico bond funds. The buyback program came as the commonwealth's debt lost 16% this year.
According to sources interviewed by Bloomberg, Cairn India is planning to buy back USD 1 billion worth of shares in order to give Anil Agarwal more control of the company.
Novartis told investors that it will be holding a USD 5 billion share buyback in the next two years. The share repurchase will start immediately, according to the Switzerland-based drugmaker.
After its July buyback of shares held by Third Point, Yahoo! Inc has increased its share buyback authorization by USD 5 billion. The company also aims to offer convertible notes worth USD 1 billion.
Due to net income decline, the world's biggest reinsurer Munich Re would do a share buyback program to be completed by April 30, 2014.
Liberty Media said it bought back 5.2% of its own stock from Comcast Corp for USD 417 million.
General Motors newly issued unsecured bonds were offered to the market and was lauded as preparatory for the return to investment grade status.
General Motors Co said it would undertaking a share buyback of some of its preferred shares held by a United Auto Workers healthcare trust.
The Board of Directors of Microsoft Corp approved a new share repurchase program worth USD 40 billion.
Philips announced plans to return EUR 1.5 billion back to its shareholders.
Analysts said Sanofi could buy back its L'Oreal shares with cheap debt to boost earnings.
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