November 17, 2020
Game Plan: Flexible Buybacks on the Open Market vs ASRs
Meeting sponsor SocGen sees corporates growing comfortable with flexible, open market buybacks amid recovery.During the global pandemic, many corporates have slammed the breaks on share repurchase programs to save cash and avoid criticism from politicians as Americans lost jobs and some companies sought government bailouts. At a recent NeuGroup meeting of treasurers at life sciences companies, Societe Generale’s David Getzler, head of equity capital markets for the Americas, forecast an increase in share buybacks in 2021 as the economy recovers and…