Philip Morris (PM) Board Approves $18B Buyback Plan
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Philip Morris International Inc. (NYSE: PM) announced a new three-year share repurchase program of $18 billion.
It is anticipated that the new program will be initiated August 1, 2012, following completion of the existing three-year program of $12 billion which began in May 2010 and which will conclude ahead of schedule. As previously announced, PMI has a share repurchase target for 2012 of $6.0 billion.
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It is anticipated that the new program will be initiated August 1, 2012, following completion of the existing three-year program of $12 billion which began in May 2010 and which will conclude ahead of schedule. As previously announced, PMI has a share repurchase target for 2012 of $6.0 billion.
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