Avon Announces New $2 Billion, Five-Year Stock Buyback Program
NEW YORK, Oct. 11 /PRNewswire-FirstCall/ — Avon Products, Inc. today announced that its Board of Directors authorized the repurchase of $2 billion of the company’s common stock over a five-year period following completion of its current program. Through September 30, 2007, Avon purchased 26 million shares at a total cost of $904 million under the existing program begun in late 2005. Avon has had a share repurchase program since 1994.
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