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Article: Arch Capital Group Ltd. Announces Additional $1 Billion Share Repurchase Authorization.
- Article from:
- Business Wire
- Article date:
- November 6, 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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HAMILTON, Bermuda -- Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that its Board of Directors authorized the Company to invest up to an additional $1 billion in the Company's common shares. This authorization is in addition to the $350.1 million available at September 30, 2009 under the Board's previous share repurchase authorizations. Repurchases under the new authorization may be effected from time to time in open market or privately negotiated transactions through December 31, 2011. The timing and amount of the repurchase transactions under this authorization will depend on a variety of factors, including market conditions and corporate and regulatory ...