Health Net (HNT) Raises Stock Buyback Plan to $400 Million
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Health Net, Inc. (NYSE: HNT) announced that, on March 8, 2012, its board of directors approved a $323.7 million increase to the company’s 2011 share repurchase program.
On May 2, 2011, Health Net’s board of directors authorized the company’s 2011 share repurchase program pursuant to which a total of $300 million of Health Net’s outstanding common stock could be repurchased. As of December 31, 2011, the remaining authorization under Health Net’s 2011 share repurchase program was $76.3 million.
Including the additional $323.7 million in newly authorized repurchase authority, Health Net currently has $400 million in remaining repurchase authority.
On May 2, 2011, Health Net’s board of directors authorized the company’s 2011 share repurchase program pursuant to which a total of $300 million of Health Net’s outstanding common stock could be repurchased. As of December 31, 2011, the remaining authorization under Health Net’s 2011 share repurchase program was $76.3 million.
Including the additional $323.7 million in newly authorized repurchase authority, Health Net currently has $400 million in remaining repurchase authority.
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