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Disney to increase share buybacks in fiscal 2014, CFO says
September 12, 2013 / 6:28 PM / 4 years ago

Disney to increase share buybacks in fiscal 2014, CFO says

LOS ANGELES, Sept 12 (Reuters) - The Walt Disney Co will increase its share buybacks to $6 billion to $8 billion in fiscal 2014, Chief Financial Officer Jay Rasulo told investors on Thursday.

In recent years, the giant media company has been buying back about $4 billion in shares annually, Rasulo said at a Bank of America Merrill Lynch conference. The company’s fiscal year begins in October.

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