World’s Worst Selloff Spurring Buyback Binge: Corporate Brazil
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The world’s worst stock plunge is spurring a rush of buybacks as companies from BM&FBovespa SA to MRV Engenharia try to prop up their shares.
At least 20 companies announced programs to repurchase stock in the second quarter, compared with 10 in the first quarter and 9 a year earlier, according to data compiled by Bloomberg. The announcements could create demand for as much as