The buy back should put a floor under the SP. The $29 buy price was assumed to indicate how much will be bought back. You normally indicate the limit to the number of shares you are going to buy back. The number of shares CSL are going to buy back is related to the A$1.59B they want to return.
See below
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Melbourne, Australia (9 June 2009) - CSL Limited (ASX:CSL) today announced its intention to conduct an on-market share buyback of up to 54,863,000 shares1. This represents approximately 9% of the company’s current shares on issue. At an assumed price per share of approximately A$29 (being CSL's last closing price on Friday 5 June), this would represent a total buy back consideration of up to
A$1.59 billion.
question, page-2
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Last
$300.26 |
Change
-1.400(0.46%) |
Mkt cap ! $145.3B | |||
| Open | High | Low | Value | Volume |
| $303.31 | $303.47 | $299.56 | $148.6M | 498.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 276 | $300.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $300.34 | 1250 | 1 |
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| CSL (ASX) Chart |