Tyco International (TYC) Announces $1B Buyback
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Tyco International Ltd. (NYSE: TYC) announced today that its Board of Directors authorized a new program to purchase up to $1 billion of the company's common stock. The company expects to repurchase shares from time to time based on market conditions. The new program is in addition to the current $1 billion program that was authorized in September 2007 and that is nearing completion.
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