|
|
Article: HP Board Authorizes Additional $8 Billion for Share Repurchases.
- Article from:
- Business Wire
- Article date:
- September 22, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
PALO ALTO, Calif. -- The HP (NYSE:HPQ) board of directors has approved the authorization of an additional $8 billion for share repurchases.
HP intends to use the additional authorization as part of its ongoing program to manage the dilution created by shares issued under employee stock plans and to repurchase shares opportunistically.
HP repurchased approximately $1.6 billion worth of its shares in the third quarter and, as of July 31, 2008, had approximately $3.0 billion of repurchase authorization remaining under the $8.0 billion repurchase authorization approved by the board in November 2007.
HP has approximately 2.5 billion shares of common ...