The following relates to RWE AG: On April 22, 2009, the Annual General Meeting authorized us again
Question:
The following relates to RWE AG:
On April 22, 2009, the Annual General Meeting authorized us again to buy back shares. Hence, the Executive Board is entitled to acquire shares in the amount of up to 10% of the share capital until October 21, 2010.5 Explain why companies hold treasury shares.
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Related Book For 
Financial Accounting And Reporting
ISBN: 9780273778172
16th Edition
Authors: Mr Barry Elliott, Jamie Elliott
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