THI , DTS, LTD, Annouce Share repurchase programs
1. Tim Hortons Inc. (THI) announces new share repurchase program for up to $200 million in common shares.
Tim Hortons Inc. THI(TSX: THI) today announced it plans to commence a new share repurchase program for up to $200 million in common shares.
The Company has obtained regulatory approval from the Toronto Stock Exchange (TSX) to commence a new share repurchase program for up to $200 million in common shares, not to exceed the regulatory maximum of 13,668,332 shares, representing 10% of the Company’s public float as of February 20th, 2012, as defined under the TSX rules. The bid is planned to commence on March 5th, 2012 and is due to terminate on March 4th, 2013.
2. DTS Announces additional repurchasing program.
DTS, Inc. (Nasdaq:DTSI), a leader in high-definition audio, today announced that its Board of Directors has authorized an additional repurchase of up to 2.0 million shares of its common stock in the open market or in privately negotiated transactions in compliance with the Securities and Exchange Commission’s rule 10b-18. This brings the total number of shares authorized by the Board for repurchase to 6.0 million since 2006.
3. LTD, Limited Brands announces buy back program
The company also announced that it has completed its previously announced $250 million share repurchase program, and the board of directors has authorized a new $500 million share repurchase program.