deep in the article. Explain, using an example, how a company undertaking a share buyback and using either its existing reserves or borrowing money could result in an increase in its share price. How is value being created for shareholders? There's an old saying in economics: "there is no such thing as a free lunch". What it means is that when you get something, you end up paying for it one way or another. Is there a "free lunch" when a company buy back its shares? deep in the article. Explain, using an example, how a company undertaking a share buyback and using either its existing reserves or borrowing money could result in an increase in its share price. How is value being created for shareholders? There's an old saying in economics: "there is no such thing as a free lunch". What it means is that when you get something, you end up paying for it one way or another. Is there a "free lunch" when a company buy back its shares