MBIA (MBI) Announces New $100M Buyback Program
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MBIA Inc. Announces New Share Repurchase Program and Termination of Existing Repurchase Program
July 29, 2015 8:32 AM EDTPURCHASE, N.Y.--(BUSINESS WIRE)-- MBIA Inc. (NYSE: MBI) (the Company) today announced that the Companys Board of Directors has authorized the repurchase by the Company or its subsidiaries of up to $100 million of its outstanding shares under a new share repurchase authorization, which supersedes and terminates the prior authorization. The prior authorization had approximately $61 million of unused capacity at the time it was terminated. Repurchases by the Company or its subsidiaries will be subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors.... More
