Bouygues SA, the French building, television and telecommunications company, plans to buy back 1.25 billion euros ($1.8 billion) in stock to take advantage of declines in its share price to lift earnings per share.
The buyback program, at 30 euros a share, may boost earning per share by about 11 percent if the full amount is repurchased, the Paris-based company said in a statement today. Shareholders will meet Oct. 10 to vote on the proposal.
