Merck Announces New $15 Billion Share Repurchase Program

Dateline City:  WHITEHOUSE STATION, N.J. Company’s expanded program now totals $16.1 billion WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--Merck (NYSE: MRK), known as MSD outside the United States and Canada, today 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. Language:  English Contact HTML:  MerckMedia Contact:Steven Cragle, 908-423-3461ORInvestor Contact:Alex Kelly, 908-423-5185 Ticker Slug:  Ticker: MRK Exchange: NYSE read more
Source: Merck.com - Corporate News - Category: Pharmaceuticals Authors: Tags: Corporate News Financial News Source Type: news
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