*NEWS*U.STATIONERS BUYS BACK $200M/SHARES

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*NEWS*U.STATIONERS BUYS BACK $200M/SHARES

 user 2007-08-28 at 12:02:00 pm Views: 74
  • #18643


    United buys back $200 million worth of shares
    August
    2007 — Deerfield (IL): United Stationers’ board of directors has
    approved an expanded stock repurchase programme of an additional $200
    million worth of common stock.CEO Dick Gochnauer said: “We recently
    amended our credit agreement to increase our borrowing capacity as well
    as to provide greater flexibility for share repurchases. This, combined
    with our ability to generate strong cash flow, allows us to return
    value to our shareholders through a continuing share repurchase
    programme.”This buyback of $200 million is in addition to the $100
    million authorised on 9 May. The company has approximately $32 million
    remaining under this previous authorisation.