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Lorillard Inc Announces $500 Million Share Repurchase Program

Friday, 8 Mar 2013 01:00pm EST 

Lorillard Inc announced that the Company's Board of Directors approved a new share repurchase program, authorizing the Company to repurchase in the aggregate up to $500 million of its outstanding common stock, which is expected to be completed over the course of 2013. Purchases by the Company under the new program may be made from time to time at prevailing market prices in open market purchases, privately negotiated transactions, block purchase techniques or otherwise, as determined by the Company's management. 

Company Quote

0.19 +0.30%
26 Dec 2014