UK tobacco company Imperial Tobacco has announced a £200 million ($377 million) share buyback programme ? its first for nine years. The programme, which will begin in the next few weeks, will utilize most of the company’s $450 million per annum free cash flow. CEO Gareth Davis said the programme did not mean the company was ruling out acquisitions as a source of revenue. ?As I have said before, we are still interested in further acquisitions and we will continue to seek value creating deals,? he said.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
