No, it is an on-market buyback so they pay the market price, just like you and me, each day they decide to buy shares. The $29 quoted is an assumed price based on Fridays close but they can buy above or below this price over the 12 months and can spend more or less than the $1.59 billion quoted based on the price they pay for shares.
I believe there is some restriction on the intra-day price movement allowed for purchases but I am not sure on this.
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No, it is an on-market buyback so they pay the market price,...
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Open | High | Low | Value | Volume |
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---|---|---|
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24 | 5687 | 316.260 |
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Price($) | Vol. | No. |
---|---|---|
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240.960 | 574 | 4 |
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