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A is a repurchase program in which a firm offers to repurchase a fixed number of shares, usually at a premium relative to the market

A is a repurchase program in which a firm offers to repurchase a fixed number of shares, usually at a premium relative to the market value, and shareholders decide whether or not they want to sell back their shares at that price. tender-offer share repurchase open-market share repurchase Dutch auction share repurchase

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