WASHINGTON (dpa-AFX) - Newell Rubbermaid (NWL) Wednesday said its Board has approved an additional $500 million to its on-going share repurchase program, effective immediately.
This $500 million is in addition to the about $37 million remaining to be repurchased under its previous $300 million share repurchase program.
CEO Michael Polk said, 'We're very pleased with the Board's decision to approve the expansion of our existing stock repurchase program, as a demonstration of its ongoing confidence in the company's Growth Game Plan and long term growth outlook.'
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