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Merck & Co Inc Announces New $15 Billion Share Repurchase Program

Wednesday, 1 May 2013 06:58am EDT 

Merck & Co Inc announced that its Board of Directors has authorized additional purchases of up to $15 billion of Merck`s common stock for its treasury. The Company expects to repurchase approximately $7.5 billion of common stock over the next 12 months, financed through a combination of debt issuance and operating cash flows, with the remainder to be repurchased over time with no time limit. Purchases may be made in open-market transactions, block transactions on or off an exchange, or in privately negotiated transactions. 

Company Quote

-0.3 -0.50%
4:01pm EDT