Linklaters Guides UK Defense Giant's £1.5B Share Buyback

By Dawood Fakhir (July 28, 2022, 3:10 PM BST) -- British defense contractor BAE Systems said on Thursday that it has launched a three-year £1.5 billion ($1.8 billion) buyback of its stock to reduce the number of its shares in the market. 

The defense giant, which is listed on the FTSE 100 index, tapped Morgan Stanley & Co. International PLC to complete the first £500 million tranche of the buyback. That tranche will run between Thursday and the end of June 2023, but BAE did not disclose information about the timing of future tranches to repurchase the remaining £1 billion of shares.

Magic Circle law firm Linklaters LLP is advising BAE...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!