MetLife board approves $3 billion buyback program, its biggest ever
- Netflix, Inc. (NFLX) Tops Q4 EPS by 1c; Subs Beat Views
- S&P 500 ends up slightly with boost from financials; Netflix up late
- Nestle Said Examining Takeover of Mead Johnson (MJN) - Source
- La Quinta Holdings (LQ) Gains on Plan to Split in Two
- After-Hours Stock Movers 01/18: (OCLR) (CSX) (NFLX) Higher; (AMDA) (RCII) (ZYNE) Lower (more...)
The MetLife building is seen in New York, March 8, 2010. REUTERS/Shannon Stapleton/File Photo
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
(Reuters) - MetLife Inc (NYSE: MET) said on Thursday its board had approved a new $3 billion share buyback program, its largest ever.
If the company bought shares at Wednesday's closing price of $51.28, it would be able to repurchase about 58 million shares, according to Reuters calculation.
MetLife has about 1.1 billion shares outstanding.
MetLife's stock was up 2 percent at $52.30 in light premarket trading on Thursday. Up to Wednesday's close, the stock had risen 6.4 pct this year.
(Reporting by Richa Naidu in Bengaluru; Editing by Ted Kerr)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Panasonic aims to move Tesla auto partnership beyond batteries: CEO
- Trump's Indonesian business partner sees no conflicts of interest
- Chinese court jails former CNPC general manager for 15 years for graft
Create E-mail Alert Related CategoriesReuters
Related EntitiesStock Buyback
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!