Google Offers Share Buyback
Reuters reminds us that Google still has the small issue of 23.4 million shares that were not correctly registered with the SEC.
“Google said it expects little acceptance of the buyback offer, which has a weighted average offer price of $3.94 per share.”
“Expects little acceptance”? That could be the biggest understatement of the year. Would you part with your shares for a few bucks, when you can sell them for $181?
“When the buyback offer expires, any shareholders who did not accept the offer will have freely tradable stock, subject to lock-up and vesting restrictions.”
But will they still have a job? Will they care?
Andy Beal is an internet marketing consultant and considered one of the world’s most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.