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Marsh & McLennan Companies, Inc. (NYSE: MMC) today announced an agreement with a financial institution counterparty to repurchase $800 million worth of outstanding MMC common stock in an accelerated share repurchase transaction. MMC will conduct the transaction as part of the $1.5 billion share repurchase authorization announced on August 7, 2007. MMC will fund the […]

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Nordstrom, Inc. (NYSE: JWN) announced a $1.5 billion share repurchase program.
The company last repurchased shares in the second quarter of fiscal 2007, completing its $1 billion share repurchase program that was authorized in May of 2006. The shares from the new authorization are expected to be acquired through open market transactions over a period of […]

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Illinois Tool Works Inc. (NYSE: ITW) announced a new share repurchase program to buy back up to $3 billion of the company’s common stock over an open-ended period of time. The full authorization represents approximately 55 million shares based on the company’s closing share price on August 20, 2007.
The company’s existing share repurchase authorization, announced […]

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Parker Hannifin Corporation (NYSE: PH) announced a $500 million accelerated share repurchase. In addition, the company increased its quarterly cash dividend, and announced plans for a 3-shares-for-2 stock split.
The accelerated share repurchase will be funded with available credit and uses Morgan Stanley as the intermediary to purchase Parker’s common stock over a period of […]

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Wells Fargo & Company (NYSE: WFC) announced an additional authorization to buy 50 million shares of the Company’s common stock.
The buyback will cover the dilution caused by the stock acquisition of Greater Bay Bancorp, expected by the end of this year.
Wells Fargo & Company is a diversified financial services company with $540 billion in assets, providing banking, insurance, investments, […]

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