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What is buyback acceptance ratio?

The buyback acceptance ratio measures the proportion of shares tendered by shareholders that company intends to accept for share repurchase.

It is expressed in percentage, for instance, if a company repurchase 25% stake from buyback and the total percentage stake held by external shareholders is 50%, the buyback acceptance ratio will be 0.5 or 50%. It means the company will accept one share for every two shares held by shareholders.

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