WellPoint Inc. (WLP), the second-biggest U.S. health insurer, increased its authorization to buy back shares to about $4.2 billion.
WellPoint raised its share repurchase amount by $3.5 billion and intends to buy the stock “over a multi-year period, subject to market and industry conditions,” the Indianapolis-based company said today in a regulatory filing. It is the insurer’s first new buyback authorization since a $5 billion plan announced in 2011, according to data compiled by Bloomberg. Read more.
WellPoint raised its share repurchase amount by $3.5 billion and intends to buy the stock “over a multi-year period, subject to market and industry conditions,” the Indianapolis-based company said today in a regulatory filing. It is the insurer’s first new buyback authorization since a $5 billion plan announced in 2011, according to data compiled by Bloomberg. Read more.
No comments:
Post a Comment