Ralcorp Holdings (RAH) Approves 7 Million Share Buyback
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Ralcorp Holdings, Inc. (NYSE: RAH) has authorized the repurchase of up to seven million shares of the company's common stock. This authorization allows the Company to make purchases from time to time, as determined by management, at prevailing market prices.
"While we have completed over 20 acquisitions and repurchased 9.5 million shares over the past 12 years, we have also remained focused on maintaining a strong balance sheet as a key to our success. Accordingly, we remain committed to maintaining our present credit ratings while we use our strong cash flows to drive long-term shareholder value," said Scott Monette, Vice President and Treasurer.
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