Treasury Stock

RECENT NEWS
Motley Fool  Feb 27  Comment 
Knowing how much a company spends to buy back shares tells you how smart it is at capital management.
Reuters  Feb 5  Comment 
Ally Financial Inc, the U.S. auto lender that is majority-owned by the U.S. government, is working to repay $5.9 billion in preferred stock owned by the U.S. Treasury "in the near future," Chief Executive Officer Michael Carpenter said on Tuesday.
StreetInsider.com  Jun 3  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/GM+%28GM%29+Considering+Buying+Shares+from+Treasury%3B+Stock+Rising/6559660.html for the full story.
JCN Network  Nov 16  Comment 
Worth about 600 billion yen ($7.33 billion), this move by Nippon Telegraph and Telephone is said to be one of the biggest treasury stock retirements in Japan ever.
JCN Network  Nov 4  Comment 
CyberAgent announced that in our board meeting held on November 4, 2010, a resolution was passed on items relating to acquirement of treasury stock, in accordance with Article 156 of the Companies Act of Japan, applied pursuant to Article 165,...




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Treasury Stock are the shares of the company that it keeps in its own treasury.

These shares may have been bought back from shareholders or never sold in the first place. Because these shares are owned by the company itself, they receive no dividends, do not have voting rights and are not counted in Shares Outstanding.

Companies maintain treasury stock for a few reasons. The shares may be kept after an Initial Public Offering (IPO) or other offering to maintain the possibility of easily generating cash by selling the stock. Companies will also maintain treasury stock to help prevent a hostile takeover by owning a portion of the company's shares.[1]

References

  1. Forbes: Investopedia "Treasury Stock (Treasury Shares)"
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