Jimako,
I was not following the market as much back in the 80's, so I was never aware of the ins and outs of the Bell resources deal.
The only one I remember was BHP buying Tubemakers and Tubemakers distributing the cash as a special dividend and then accepting the BHP price.
HC42,
Yes, you are correct, the dividend gives you access to the cash, the buyback makes each share worth more. From my understanding, company CFO's do multiple scenarios with pro's and con's and present these to the board to make a decision on.
HT1
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