Subscribe
Business

United Technologies approves buyback of 60M shares

By Washington Examiner
Published
Add Washington Examiner on Google

HARTFORD, Conn. (AP) — United Technologies may buy back up to 60 million of its shares, replacing an approximately $4.3 billion stock buyback program which began almost three years ago and is nearly spent.

The industrial conglomerate said Monday that the new program’s value is $5.4 billion at today’s stock prices. It expects its repurchases to total about $1 billion this year, unchanged from a previous estimate.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.