Ametek (AME) Raises Stock Buyback Plan by $400M
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
AMETEK, Inc. (NYSE: AME) today announced that its Board of Directors has increased the authorized level for repurchases of its common stock by $400 million. This increased authorization will be added to the approximately $75 million that currently remains available from an existing authorization approved by the Board of Directors in November 2015.
"While strategic acquisitions remain the primary use for our strong free cash flow, this increased share repurchase authorization provides us the flexibility to continue to opportunistically repurchase our common stock," notes David A. Zapico, AMETEK's Chief Executive Officer.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Credit Suisse Downgrades Himax Technologies (HIMX) to Neutral
- Chipotle Mexican Grill (CMG) Sees Q4 Revenue of $1.04B, Comps Down 4.8%
- Gabelli & Company’s 27th Annual Pump, Valve & Water Systems Symposium
Create E-mail Alert Related CategoriesStock Buybacks
Related EntitiesStock Buyback, Earnings
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!