off market buy-backs are OK. If something is worth $1.20 to one group of shareholders and only $1 to the other group, then both groups would benefit by selling to the first group for say $1.10
It can be made to work. The WBC BOD have just given us a good example of how to botch it up.
WBC Price at posting:
$21.02 Sentiment: Hold Disclosure: Held
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