ENSCO International Inc. (ESV)

[benchman]

NEWS OUT - Too bad it's on a day when the market is closed. The company announced it's shareholder meeting, and one of the things they want the shareholders to vote on is this:

"To (i) approve the terms of the proposed purchase agreement or agreements providing for the purchase by the Company of up to 65.0 million shares for up to a maximum of $500.0 million in aggregate from one or more financial intermediaries and (ii) authorise the Company to make off-market purchases of shares pursuant to such agreement or agreements, the full text of which can be found in "Resolution 9" of the accompanying proxy statement. The authority conferred by "Resolution 9" will, unless varied, revoked or renewed by the shareholders prior to such time, expire five years after the date of the passing of this resolution."

A share buy back!

https://ih.advfn.com/p.php?pid=nmona&article=77075391