This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Valspar Renews Share Repurchase Authorization 2009-10-21 16:59 ET - News Release
MINNEAPOLIS -- (Business Wire)
The Valspar Corporation (NYSE:VAL) announced today that its Board of
Directors approved the annual authorization for the repurchase of up to
4,000,000 shares, or approximately 4.0%, of its outstanding common stock
over the next 12 months. The annual authorization gives management
discretion in determining conditions under which shares may be purchased
from time to time, either in market transactions or negotiated private
purchases. The repurchase authorization is a renewal of previous annual
authorizations and replaces the authorization approved in October 2008.
As of October 20, 2009, the company had 99,478,086 common shares
outstanding.
The Valspar Corporation (NYSE:VAL) is a global leader in the paint
and coatings industry. Since 1806, Valspar has been dedicated to
bringing customers the latest innovations, the finest quality and the
best customer service in the coatings industry. For more information,
visit www.valsparglobal.com. The remainder is available to Stockwatch subscribers.
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