BASF plans to buy back 2 billion euros of stock

Article Abstract:

BASF AG will repurchase up to 2 billion euros worth of its shares. The shares represent 7% of the company's stock.

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BASF launches program to buy up to 5% of shares

Article Abstract:

Germany's chemical giant BASF AG has announced plan to buyback 5% of its stock. This stock repurchase plan will enable the company to take advantage of a new government legislation.

Comment:

Germany's chemical giant BASF AG, plans to buy back 5% of its stock.

Financial management

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Europeans choose to play it safe in latest IPOs

Article Abstract:

European investors showed selective approval for initial public offerings (IPOs) made during the week ended Oct 15, 1999. Bankers priced shares of Amadeus Global Travel Distribution, for example, below their 6 euro maximum price, indicating the problems caused by the current IPO market, which is characterized by a flood of offerings and sliding overall stock prices.

On-Line Information Services, France, Organizational history, Other Electrical Equipment and Component Manufacturing, Spain, Electronic Components, Reservation Services, All Other Travel Arrangement and Reservation Services, Cyclic Crude and Intermediate Manufacturing, Database Vendors NEC, Aromatic Alcohols, Statistical Data Included, Analysis, Europe, Database industry, Computer services industry, Information technology services industry, Travel industry, Electronic components industry, Going public (Securities), Initial public offerings, Reservation systems, Alcohol industry, Amadeus Global Travel Distribution S.A., Rhodia S.A., EPCOS AG

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