Allergan (AGN) Approves $10B Common Stock Buyback Program

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Allergan Announces Board Authorization for Share Repurchase Program of Up to $10 Billion

May 10, 2016 7:15 AM EDT

DUBLIN, May 10, 2016 /PRNewswire/ -- Allergan plc (NYSE: AGN) today announced that the Company's board of directors has authorized a new share repurchase program of up to $10 billion of the Company's common stock. Allergan expects to execute $4 - $5 billion in open market repurchases over four to six months subject to favorable market conditions. If favorable market conditions persist, the Company will consider extending the program following the completion of the initial portion of the share... More