Don’t forget they can’t buy shares without someone selling them. So if they have bought so many shares back there’s only 2 left, these two people each control 50% of the company and aren’t going to sell that share (for a small amount)
I’d be interested in the mechanics of how that works. I understand buying and selling of shares, but do you just got it the exchange and tell them you want the shares destroyed or?
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Shares that are bought back by a company are destroyed. Thus, increasing the value of the remaining shares.
Shares that are bought back, buy back ownership of the company though, no?
If in a trivial example, they buy back all the shares but 1.
Would the person holding that last 1 share have suddenly 100% of Apple?
Don’t forget they can’t buy shares without someone selling them. So if they have bought so many shares back there’s only 2 left, these two people each control 50% of the company and aren’t going to sell that share (for a small amount)
Yes!
I’d be interested in the mechanics of how that works. I understand buying and selling of shares, but do you just got it the exchange and tell them you want the shares destroyed or?
I shit you not somebody writes "canceled" on the paper shares and moves them to a separate holding area.
But what if they are bought by another company? That the original company controls?
That doesn’t reduce share counts.