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Share Name | Share Symbol | Market | Type |
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Falck Renewables SpA | BIT:FKR | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
BW20030805002137 20030806T060042Z UTC ( BW)(FRANKLIN-RESOURCES-INC)(FKR) Franklin Resources, Inc. Announces Agreement To Repurchase 6.1 Million Shares of Common Stock Business Editors UK REGULATORY NEWS SAN MATEO, Calif.--(BUSINESS WIRE)--Aug. 6, 2003-- Franklin Resources, Inc. (NYSE:BEN) announced today that the company will be repurchasing 6.1 million shares of its common stock in an off-market transaction at $43.86 per share from the estate of a former employee. The transaction is valued at approximately $267.5 million. The company is continuing its policy of purchasing shares of its common stock for use in connection with various corporate incentive compensation programs, when strategic opportunities exist such as acquiring large share blocks or when it believes that the market price of its shares merit such action. Such purchases reflect a long-term company policy authorized by its Board of Directors. The remaining number of shares currently authorized for purchase by Franklin Resources, Inc. after the completion of this transaction is approximately 14.6 million. Including this transaction, the company has repurchased approximately 15.3 million shares in the current fiscal year, which began October 1, 2002. Franklin Resources, Inc. [NYSE:BEN], is a global investment organization operating as Franklin Templeton Investments. Franklin Templeton provides global and domestic investment management services through its Franklin, Templeton, Mutual Series and Fiduciary Trust subsidiaries. The San Mateo, CA-based company has over 50 years of investment experience and approximately $287 billion in assets under management as of June 30, 2003. For more information, please call 1-800/DIAL BEN(R) or visit franklintempleton.com. Short Name: FranklinResourcesInc Category Code: MSC Sequence Number: 00008037 Time of Receipt (offset from UTC): 20030805T225026+0100 --30--DB/ny CONTACT: Franklin Resources, Inc. Investor Relations: Alan Weinfeld (650) 525-8900 Corporate Communications: Stacey Johnston (650) 525-7458 franklintempleton.com KEYWORD: CALIFORNIA UNITED KINGDOM INTERNATIONAL EUROPE INDUSTRY KEYWORD: BANKING SOURCE: FranklinResourcesInc Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
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