Company News

Clorox To Buy Back Shares

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By: TOM BRANNA

Editor

The board of directors of The Clorox Company today authorized the company to increase its previously announced share repurchase program by an additional $500 million. Clorox will use its free cash flow to purchase shares of the company’s common stock over the next one to two years. The share repurchase program was first announced on Aug. 8, 2001, with an initial authorization of $500 million in free cash flow to be used to finance the program, of which $418 million has been spent to repurc...

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