Visteon (VC) Approves $500M Buyback Plan
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Visteon Announces New $500 Million Share Repurchase Authorization
January 16, 2018 6:55 AM ESTVAN BUREN TOWNSHIP, Mich., Jan. 16, 2018 /PRNewswire/ -- Visteon Corporation (Nasdaq: VC) today announced that its board of directors has authorized an additional share repurchase program of up to $500 million of common stock to be executed through 2020, reflecting the company's strong balance sheet and free cash flow generation. Visteon expects to fund the repurchases through free cash flow generation. This authorization is in addition to the $400 million authorized by the board of directors in January 2017, of which $200 million has been completed by Dec.... More
