Illinois Tool Works (ITW) Announces $4B Common Buyback
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Illinois Tool Works Inc. (NYSE: ITW) authorizes a new $4 billion common stock buyback.
The full authorization represents approximately 70 million shares based on the company's closing share price on May 5, 2011.
e company's existing share repurchase authorization of $3.0 billion was announced in August of 2007 and has approximately $870 million remaining in that program.
The full authorization represents approximately 70 million shares based on the company's closing share price on May 5, 2011.
e company's existing share repurchase authorization of $3.0 billion was announced in August of 2007 and has approximately $870 million remaining in that program.
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