Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Financial Planning > Behavioral Finance

Prudential To Buy Back Stock

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Jan. 23, 10:10 a.m. – Prudential Financial Inc., Newark, N.J., says its board has authorized the company to buy back up to $1 billion of Prudential common stock.

The company says it will not buy back stock until after it announces its financial results for 2001, which it expects to release Feb. 12. After that, repurchases will take place “from time to time,” depending on market conditions, the company says.

Prudential Financial completed its plan to demutualize and sell 126 million shares to the public Dec. 13, 2001. The offering raised more than $3 billion.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.