MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
Tuesday, March 17, 2009 Franklin Could Buy Back 13.8 Million Shares Franklin Templeton parent Franklin Resources' board of directors seems to think its stock is a good bargain. The board authorized the fund firm to buy back up to 10.0 million shares of its common stock, in addition to the 3.8 million shares remaining for purchase under previous authorizations. Franklin's stock closed at $46.37 on Monday, with a market cap of $10.8 billion -- that would put the total potential buyback at Franklin's fingertips at almost $640 billion. Printed from: MFWire.com/story.asp?s=21031 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |