They could still, in principle, negotiate around fixed numbers of shares instead... | Hacker News

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		dllthomas on July 2, 2013 \| parent \| context \| favorite \| on: Motorola cell phones are regularly phoning home They could still, in principle, negotiate around fixed numbers of shares instead of market values.

saryant on July 3, 2013 [–]

XOM initiated a very aggressive share buyback program ~15 years ago, their own treasury is one of their largest shareholders.

Makes much more sense for them to use those shares in acquisitions in the form of a stock swap.

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