Dear Salvador,
Alessandro is correct. As soon as it is announced, the share price immediately reacts, so it does not move when they are de facto bought
The difference is in the value of equity. After the announcement and before the repurchase, the equity is valued more than after the repurchase because money leaves the firm (there are fewer shares).
Alessandro is correct. As soon as it is announced, the share price immediately reacts, so it does not move when they are de facto bought
The difference is in the value of equity. After the announcement and before the repurchase, the equity is valued more than after the repurchase because money leaves the firm (there are fewer shares).