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Merck Announces New $15 Billion Share Repurchase Program
2013-05-01 12:58:00| Merck.com - Corporate News
Dateline City: WHITEHOUSE STATION, N.J. Companys expanded program now totals $16.1 billion WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced that its board of directors has authorized additional purchases of up to $15 billion of Mercks common stock for its treasury. The company expects to repurchase approximately $7.5 billion of common stock over the next 12 months, financed through a combination of debt issuance and operating cash flows, with the remainder to be repurchased over time with no time limit. Language: English Contact HTML: MerckMedia Contact:Steven Cragle, 908-423-3461ORInvestor Contact:Alex Kelly, 908-423-5185 Ticker Slug: Ticker: MRK Exchange: NYSE read more
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Category:Biotechnology and Pharmaceuticals