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Article: Fresh Del Monte Produce Announces Share Repurchase Program.
- Article from:
- Business Wire
- Article date:
- August 3, 2009
CopyrightCOPYRIGHT 2009 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)
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CORAL GABLES, Fla. -- Fresh Del Monte Produce Inc. (NYSE: FDP) today announced that the Company's Board of Directors, at its July 31, 2009 meeting, approved a three-year stock repurchase program of up to $150 million of the Company's ordinary shares. The timing and number of shares to be repurchased in the open market will depend on a number of factors, including market conditions and alternative investment opportunities. Repurchases are expected to be funded primarily with the Company's cash from operations and credit facility.
About Fresh Del Monte Produce Inc.
Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, ...