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| Home Depot announces $3 billion accelerated share repurchase The Home Depot, the world's largest home improvement retailer, announced that its board of directors has authorized the immediate repurchase of $3 billion of outstanding shares through an accelerated share repurchase agreement. The company has returned approximately $6.7 billion of cash to shareholders this fiscal year by repurchasing more than 173 million shares. The accelerated share repurchase will be funded with proceeds from the company's recent $5 billion debt offering. The $5 billion of debt capital will be issued through fixed-rate and floating-rate notes with a blended yield of 5.74 percent and a weighted average maturity of 20 years. write your comments about the article :: © 2006 Construction News :: home page |