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Directors authorized the expansion of the repurchase program to $8.8 billion, or about 17percentt of the market capitalization of about $51 billion.
The company also said that its board of directors authorized the use of $100 million for the repurchase of its common shares.
On Sunday, the charity's board of directors authorized the hiring of Lynne M. Abraham and the law firm Archer & Greiner to conduct an independent investigation into the Second Mile.
Litton Industries said yesterday that its directors authorized management to explore the sale of the company's Advanced Electronics group, the 12 divisions that make up Litton's navigation and electronic warfare businesses.
After the directors authorized management to negotiate with other parties, Forstmann was given every negotiating advantage that Pantry Pride had been denied: cooperation from management, access to financial data, and the exclusive opportunity to present merger proposals directly to the board of directors.
At the August meeting, BlackRock directors authorized a share repurchase plan intended to enhance shareholder value.
Similar(46)
Defense Secretary Caspar W. Weinberger opposes the AT&T; breakup on national security grounds, but by year's end AT&T; directors authorize the company to negotiate the breakup of the Bell system.
In Washington, officials were watching with growing alarm the gathering of Qaeda operatives in the tribal areas, and George J. Tenet, the C.I.A. director, authorized officers in the agency's Islamabad station to push Pakistani officials to allow armed drones.
Richard Cordray, then the CFPB director, authorized an investigation that month, said former officials familiar with the probe.
You must begin final reclamation as soon as possible but no later than 6 months after you complete your permitted operations unless the Regional Director authorizes a longer period in writing.
* Abbott Laboratories Inc., North Chicago, Ill., said its directors had authorized the repurchase of up to six million of its 436.9 million shares outstanding.
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