Microsoft has announced that it expects to acquire about USD 3.8 billion in a recently completed 'Dutch Auction'. The company expects to acquire 155 million shares at a price of USD 24.75 per share.
The company also increased stock its buyback to about USD 16. 2 billion. The company is now authorized to repurchase additional shares in an amount up to USD 36.2 billion through June 30, 2011.
Microsoft announced on July 20 that it would seek to buy back USD 20 billion of shares, or about 8 percent of the outstanding stock, for USD 22.50 to USD 24.75 a share.
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