Company News, Financial News

Unilever Buys Back Shares

A six billion euro deal.

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By: TOM BRANNA

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Unilever PLC and Unilever N.V. are buying back as much as  €6 billion worth of shares in an effort to reduce a net debt to EBITDA ratio of 2.0x. The intention is to return the expected after-tax proceeds upon completion of the spreads disposal to shareholders, unless more value-creating acquisition alternatives arise. The first tranche of this buy-back program got underway today  (and will be for an aggregate market value equivalent to €3 billion, of which €1.5 billion will be bought back in the...

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