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On May 4, 2022, MetLife Inc. announced $3 billion share buyback program. Which one of the following is incorrect regarding stock repurchase? OA Tender offers
On May 4, 2022, MetLife Inc. announced $3 billion share buyback program. Which one of the following is incorrect regarding stock repurchase? OA Tender offers send a more positive signal than open market repurchases to the market because the company states a specific stock price.
B Company can buy back shares directly from specific investors through private negotiation.
c Open market repurchases provides the most flexibility to the managers in terms of timing and actual amount of shares buyback.
D Share repurchase is under sole discretion of the CEO. It does not require approval by either the board of directors or the annual meeting of shareholders.
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