the buyback reduces the number of shares on issue, so the percentage ownership of the remaining shares is increased. Therefore existing owners own more of the company and therefore they have a greater say in what happens to the company than previously. In summary, top20 shareholders own more of the company than they did previous to the buyback. hope thats clear and helps.
btw no share buyback notification today, I wonder if that implies the company knows the results of the fda meeting?
NEU Price at posting:
$9.27 Sentiment: Hold Disclosure: Held
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