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
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Source: Merck.com - Corporate News - Category: Pharmaceuticals Authors: hq_site_admin Tags: Corporate News Financial News Source Type: news
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