CORPORATE REPURCHASE

corporate repurchase: translation

active buying by a corporation of its own stock in the marketplace. Reasons for repurchase include putting idle cash to use, raising EPS, creating support for a stock price, increasing internal control ( shark repellent), or stock for ESOP or pension plans. Repurchase is subject to rules, such as that buying must be on a zero-minus tick or a minus tick, after the opening and before 3:30 p.m. Bloomberg Financial Dictionary