“To fund the expansion, he raised $300,000 by selling shares. But Casey smartly kept the right to buy them back. And as the profits came in, that's exactly what he did. Before long, the company was his alone.”
Casey Irving · The Knowledge Project · K.C. Irving: Competing with Giants
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What was described
raised $300,000 by selling shares, kept the right to buy them back, then bought back all shares to own the company alone
$300,000
Said nearby on the same subject
“You don't want to, for instance, sell Commonwealth bank shares and then buy back the exact same number... but if you're rebalancing the portfolio at the same time, then that's certainly above board”
“Charter Communications climbing after the company said its subsidiaries issued eight cash tender offers to buy back up to $1.5 billion in outstanding notes. You can see shares there are up about 11 percent on the news.”