Well it is more complicated than that. There are a bunch of ways for companies to buyback shares - open market (u can see insider buybacks via 4's) - they can make a tender offer at a certain price too. YOu would have to google "company buyback tender offer" to get more info.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.