Company Authorizes Stock Repurchase Program Up to $1B
The Board of Directors, in support of management's request, has authorized a new stock repurchase program that authorizes the company to purchase, from time to time, up to $1B of its outstanding common stock. Under the company's existing stock repurchase program, which expires June 30, 2026, the company has acquired 540,788 shares of its outstanding common stock in the open market for a total cost of approximately $135M.
