Starbucks: steps up share buyback program

(CercleFinance.com) - Starbucks has announced that it is undertaking a 5 billion dollar share buyback program, with the assistance of two financial institutions, using funds from its recent deal with Nestlé.


The Seattle-based group says that the total number of shares repurchased will depend on the weighted average share price over the program period, which is expected to end in February or March.

These buybacks are part of the coffee chain's plans to redistribute 25 billion dollars to shareholders in the form of share buybacks and dividends by fiscal year 2020.



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