Come on guys, don't get your knickers in a twist. This is a stock standard buyback notice, I have seen scores before and it means squat diddille. All companies should do this so that they have a reserve - if the SP falls well below asset value then the sensible thing is to do a buyback (if you have the spare cash). The whole thing simply gives LNC the OPTION to buy back up to 5% if they feel it is a good move, of course there is no minimum given on number and no set price (it is on-market!!) and no compulsion on LNC or the shareholders to do anything. Quite often with these buyback notices nothing ever eventuates.
LNC Price at posting:
$1.83 Sentiment: Hold Disclosure: Held