BofA Sets $5 Billion Buyback to Offset Buffett-Deal Dilution

Published: 6/12/2017
BofA Sets $5 Billion Buyback to Offset Buffett-Deal Dilution
Source: WWW.TOPIX.COM

Bank of America Corp. said it will repurchase an extra $5 billion of its shares, helping offset the additional stock issued after Warren Buffett's Berkshire Hathaway Inc. exercised outstanding warrants. The purchases will be on top of the $12.9 billion common stock buyback plan announced June 28, the Charlotte, North Carolina-based bank said in a statement.

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