Ford Motor Company (F) to buy back $1.8 billion in stock
Ford Motor Company (NYSE:F) said it will be buying back up to 116 million shares of company stock worth around $1.8 billion. Ford said the buybacks will help offset potential dilution from convertible debt and stock-based compensation for employees. This can increase the number of shares on the market and weigh on per-share earnings. Ford can help boost its earnings per share by buying back the shares.