ASR and buybacks
I noticed in David Elkins comments yesterday that the ASR will start later this quarter. Does any one know if there is a quiet period for normal corporate stock buybacks between the close of the fiscal quarter and announcement of financial results?
I had assumed that the PPS support we have seen so far this year was due to corporate buybacks but I guess that may be incorrect. Will be interesting to see the impact of the ASR on share price when it does start. Seemed like quite a short-term drag on PPS when Celgene conducted an ASR.
Thanks,
Jeff