Monsanto (MON) Approves $1 Billion Stock Buyback Plan

Monsanto Company's (NYSE: MON) board authorized a new share repurchase program, effective July 1, 2012, for up to $1 billion of the company's common stock over a three-year period. The new program will commence at the completion of Monsanto's existing $1 billion share repurchase program, which was effective beginning in July 2010.

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