Coca Cola (KO) Adds 150M Shares to Buyback Plan

Coca Cola (NYSE: KO) announced board authorized a new share repurchase program for 150 million additional shares of the company’s common stock. The program will take effect at the conclusion of the company’s current program.

Share repurchases are subject to the company’s discretion based on various factors. In addition, the board of directors may modify, extend or terminate the program at any time.

The company’s current share repurchase program for 500 million shares was announced in October 2012. The company’s initial share repurchase program began in 1984.

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