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Marsh & McLennan Announce $800 million Accelerated Repurchase

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 Announces $1.5 Billion Share Repurchase Program

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 [...]

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ITW Board Approves New $3 Billion Share Repurchase

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, [...]

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Parker Announces $500 Million Accelerated Share Repurchase

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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P&G Announces $24 – $30 Billion Share Repurchase Program

The Procter & Gamble Company (NYSE: PG) announced plans to repurchase $24 – $30 billion of company shares over the next three years at a rate of $8 – $10 billion per year. The new plan represents a substantial increase versus the company’s fiscal 2007 repurchase pace of $5.6 billion. Three billion times a day, [...]

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Hasbro, Inc. Announces Additional $500 Million Share Repurchase Authorization

Hasbro, Inc. (NYSE:HAS) announced an additional $500 million common stock repurchase. The company did not comment on how the repurchase would be funded.   Since May 2005, the Company has spent $692.1 million to repurchase 31,653,000 shares (not including $200 million recently spent to retire the Lucas warrants for 15,750,000 shares) and has only $7.9 million [...]

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Dover Corporation Authorizes $500 Million Share Repurchase Program

Dover Corporation (NYSE: DOV) announced a $500 million share repurchase program that includes an accelerated share repurchase agreement (“ASR”) with Goldman, Sachs & Co. Under the ASR, Dover will immediately repurchase 6 million shares of its common stock from Goldman, Sachs & Co. The company expects to conduct the remainder of the share repurchase program over [...]

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Time Warner Inc. Announces New $5 Billion Stock Repurchase Program

Time Warner Inc. (NYSE:TWX) announced a new $5 billion stock repurchase program.  The company did not specify how the program would be funded. In completing its previous stock repurchase program on schedule at the end of the second quarter, the Company repurchased approximately 1.1 billion shares of common stock, or about 23% of the total [...]

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Moody’s Corporation Announces $2 Billion Share Repurchase

Moody’s Corporation (NYSE: MCO) announced a new $2 billion share repurchase program. Moody’s expects to commence repurchases under the new program immediately following completion of the existing program.  The company did not specify the source of funds for  the repurchase. Moody’s Board of Directors also declared a regular quarterly dividend of 8 cents per share [...]

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Praxair Board Authorizes $1 Billion Share Repurchase Program

Praxair, Inc. (NYSE: PX) will repurchase up to $1 billion of its common stock over the next two years. The company cited a strong balance sheet and growing free-cash-flow generation from operations. The purchases will be financed by available cash and debt and replaces the repurchase program in effect since 1997. The board of directors also [...]

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