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Article: United States : IBM board authorizes another $5 billion for stock buybacks.
- Article from:
- TendersInfo
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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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Byline: Mamta03
Technology-services giant IBM Corp. said Tuesday that its board of directors has authorized another $5 billion to use for stock repurchases.
The new funding is in addition to $4.2 billion remaining from an earlier stock-buyback authorization, giving IBM /quotes/comstock/13*!ibm/quotes/nls/ibm (IBM 120.65, +0.54, +0.45%) more than $9 billion to repurchase its shares. IBM said that it expects to request additional stock-repurchase funds at its board meeting next April.
IBM also ...
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