First Data Board Increases Total Stock Buyback Authorization by $1 Billion

Monday 2 February 2004 16:21 CET | News

First Data has announced that its share repurchase program has been increased by $1 billion. Added to the companys remaining authorization, the additional authorization now enables First Data to re-purchase up to $1.146 billion of its stock. Consistent with past practices, purchases will be made in the open market based on market conditions, business opportunities and other factors. Since 1998, First Data has repurchased more than 156 million shares on a split-adjusted basis for $5 billion under repurchase programs authorized by the companys board of directors.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce