AOL Inc. AOL announced today its final steps in returning
approximately $1.1 billion to AOL shareholders in 2012, entering into a
$600 million fixed-dollar collared Accelerated Stock Repurchase
Agreement (“ASR Agreement”) with Barclays Bank plc. (“Barclays”) and
announcing its authorization of a $5.15 per share special cash dividend.
“Today's announcement underscores AOL's commitment to delivering value
for our shareholders,” said AOL Chairman and CEO, Tim Armstrong. “AOL
remains committed to creating and unlocking value for all shareholders
through smart execution and disciplined management of our asset
portfolio.”
AOL has agreed to repurchase $600 million worth of common stock under
the ASR Agreement, utilizing the share repurchase authorization
See full press release
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