Fortive (FTV) said Monday the board has expanded its share repurchase authorization, with the number of shares remaining available for buyback equal to 20 million shares.
The approved limit is in addition to about $66.7 million remaining under a $550 million stock buyback plan, the company said.
Repurchases may be made from time to time on the open market or through privately negotiated transactions, it added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments