IPC returns capital in $100m buyback
Bermudian reinsurer IPC holdings has revealed that during the second quarter of 2007 it bought back $100m of its common shares, half of the $200m buyback facility agreed by the firm’s board back in April 2007.
IPC said the purchases were conducted in the open market and amounted to 3,188,669 common shares, at an average price of $31.331.
Under IPC’s authorisation for the twelve month period ending May 1
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