AmerisourceBergen (ABC) Approves New $750M Buyback
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AmerisourceBergen Corporation (NYSE: ABC) authorized a new $750 million share repurchase program, effective immediately.
The Company has completed its previous $750 million share repurchase program, which was authorized on August 11, 2011. AmerisourceBergen expects to use the new program to repurchase its outstanding shares of common stock, subject to market conditions. To date in fiscal year 2012, which ends September 30, 2012, the Company has spent $500.0 million to repurchase its outstanding shares of common stock.
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The Company has completed its previous $750 million share repurchase program, which was authorized on August 11, 2011. AmerisourceBergen expects to use the new program to repurchase its outstanding shares of common stock, subject to market conditions. To date in fiscal year 2012, which ends September 30, 2012, the Company has spent $500.0 million to repurchase its outstanding shares of common stock.
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