In the case of a buyback, cash is literally returned to the shareholders who par... | Hacker News

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		fairity on May 26, 2021 \| parent \| context \| favorite \| on: Amazon acquires MGM for $8.5B In the case of a buyback, cash is literally returned to the shareholders who participate in the tender offer by selling their shares back to the company.

dalbasal on May 27, 2021 [–]

They're no longer shareholders. And, since buybacks are value neutral... they're not getting a premium when they sell.

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