how is a buyback done 
a company can make a tender offer to shareholders at a premium over the current market price the shareholders would have the option to submit all or some of their shares within a set time frame 5alternatively a company may create a share repurchase program and purchase shares on the open market at certain times or at regular intervals 6a company can fund its buyback by taking on debt with cash on hand or with the cash flow earned in its operations 7