What does retiring shares mean?
I mean the phrase "retiring them(shares)" in the following sentence:
"Buying those shares at a discount and then retiring them will boost the value of the shares owned by Alibaba's other shareholders. It's a win-win-win for shareholders of Alibaba, Yahoo, and AOL."
Search from various English teachers...
Answers · 4
2
Its when the company buys back its own shares and then cancels those shares. Then there will be less shares in the company and each will be worth more.
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