Article: In Brief: Principal Financial OKs 4% Buyback.(Principal Financial Group Inc. )(Brief Article)

Principal Financial Group Inc. announced that its board of directors has authorized the repurchase of up to 15.3 million shares, or about 4% of the company's outstanding common stock.

The program's primary intention, the company said Dec. 4, is to buy in the shares issued under the exercise of an overallotment option by the underwriters for its initial public offering.

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