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Author: TMFWysocki Big gold star, 5000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 459  
Subject: No Special Dividend Date: 5/2/2007 7:27 PM
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UPDATED REPORT: Telecom shares fell 1 per cent today despite the company announcing a $1.1 billion scheme that will see nearly one in 10 shares cancelled.

The cancellation will reward shareholders following the $2.24 billion sale of its Yellow Pages group in March.


http://www.stuff.co.nz/4046765a13.html

Instead a share buyback.

David
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