answer qustions analysis company

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analysis company , i have attached statement of the company and pic that has the questions. https://www.sec.gov/Archives/edgar/data/1022079/00...

answer qustions analysis company
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carlosQ
School: UT Austin

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RUNNING HEAD: RESEARCH PROJECT

Research Project- An Analysis of Quest Diagnostics
Student Name
Unit Code- Name of Institution

1

FINANCIAL ANALYSIS: QUEST DIAGNOSTICS

2

The balance in shares of common shares outstanding as of December 31st
2016 for Quest Diagnostics was 137 million. The number of shares of common
shares outstanding in 2015 was 143 million. Quest did not issue any new shares
in in 2016. It however bought back 7 million shares of common stock and 1
million shares were added to the balance through exercise of stock options.
Quest Diagnostics formulated a two-year strategy referred to as the Accelerated
Share Repurchase Agreement whose main aim was to redeem the value of it
common stock. In 2016, Quest purchased 7 million shares of common stock for
$590 million. The value of treasury stock repurchased in 2016 was $590 million.
Companies buy back treasury stock for redistribution, as a strategy to
protect the company from takeover and to recover the value...

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