Share buy-backs are continuing to prove popular with Carnival the latest corporate to announce a $1 billion share buy-back plan. The ocean liner operator is responding to plans by S&P, the rating agency, to change its method of accounting for company stock that is openly available to shareholders. Under S&P rulings its rated companies will be accounted for by their free float, instead of the total number of shares outstanding. This could increase the sales volume on company stock.
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