RUMOR MILL
Friday, January 19, 2001
AOL TIME WARNER TO BUY BACK
$5 BILLION IN STOCK
And The Company’s Going To Do It Using Only Sacajawea Dollars
AOL Time Warner Thursday (1/18) said it plans to buy back up to $5 billion worth of its shares over the next two years.
The move is an obvious reaction to the company's belief that its stock is currently being undervalued. AOL Time Warner will begin the buyback period in February.
In addition, the company said it expects to sell up to $10 billion in debt and equity securities shortly.
AOL Time Warner plans to register with the Securities and Exchange Commission within the next several days, informing them of its intention to sell off debt and equity securities under a shelf registration stipulation. The provision says a company may sell securities in one or more offerings, with the terms to be determined at the time of sale.
 STAGECOACH GOES BIG WITH ZACH, JELLY ROLL, LUKERecord-breaking heat wave in the forecast. (9/6a)
LINKIN PARK ROARS BACK WITH NEW ALBUM, SINGER, TOURThis oughta be interesting. (9/6a)
HITS' FIRST LIVE ISSUE TAKES THE STAGE THIS FALLWe're putting our asses in seats. (9/4a)
| ||
THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
|
rumor mail
