Why would a company Issue and Repurchase Shares at the same time?
Title says it all. Why would companies do that in a single shareholder's meeting? Repurchasing 10% of existing shares, okay, you might think your shares are underrated.
Why issue another ~100% of existing shares though? If it's a shelf registration, you don't need to finish the issuance right away, but that just seems weird to me.
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