Stock repurchase could be 5% increase. Someone check my math please.
I think this is a generous offer by FEDX
At todays share price of 36.875 if FDX purchases all authorized shares the new share price would be $38.73
15/298=5 share value will be worth 5% more appr.
$36.875 * 105% = $38.73112416107 = new share value
another way of looking at it
298,000,000.000 shares outstanding
x $36.875 per share(todays price)
_______________
$10,988,750,000 Total value of stock
298,000,000
-15,000,000 Purchased shares
_____________
283,000,000 shares outstanding remaining
total value remaining new value per share
$10,988,750,000 /283,000,000 = $38.82950530035
$38.82950530035
- $36.875
_______________
$1.95450530035 dollar increase in share value |
