Log In
|
Sign Up
|
Create a Site
|
Help
|
Search
My Profile
|
My Friends
|
Updates
|
Inbox
|
Log Out
|
Help
|
Search
650,000+ Fans and Followers:
Home
Find A Job
Directory
Health Tips
Home
Invites
Members
Groups
Events
Careers
Videos
News
Photos
Blogs
Polls
Chat
Home
>
Career Content
>
Post Content
Brown-Forman Board Authorizes New $250 Million Share Repurchase Program
(6721 hits)
Brown-Forman Corporation (NYSE: BFB, BFA) announced that its Board of Directors has authorized the repurchase of up to $250 million of its outstanding Class A and Class B common shares commencing October 15, 2014, through October 14, 2015, subject to market and other conditions. The previous authorization of $250 million was completed in September of 2014. Under this new repurchase program, the company can repurchase shares from time to time for cash in open market purchases, block transactions, and privately negotiated transactions in accordance with applicable federal securities laws. This share repurchase program may be modified, suspended, or terminated by the company at any time without prior notice.
Paul Varga, chief executive officer of Brown-Forman said, “We have been executing well on our long-term growth strategy and remain committed to delivering top-tier returns for our shareholders. Our balance sheet strength and substantial free cash flow allow the company to invest in organic growth while also returning capital to shareholders through ongoing share repurchase and dividend programs.”
For more than 140 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Jack Daniel’s Tennessee Honey, Southern Comfort, Finlandia, Jack Daniel's & Cola, Canadian Mist, Korbel, Gentleman Jack, el Jimador, Herradura, Sonoma-Cutrer, Chambord, New Mix, Tuaca, and Woodford Reserve. Brown-Forman's brands are supported by nearly 4,200 employees and sold in approximately 160 countries worldwide. For more information about the company, please visit
http://www.brown-forman.com
.
Continued:
http://www.brown-forman.com/news/releases/...
Posted By:
Cheer Leader
Thursday, October 30th 2014 at 9:45AM
You can also
click here to view all posts by this author...
Report obscenity
|
post comment
Share
|
Please Login To Post Comments...
Email:
Password:
More From This Author
DING DONG DING DONG: HOW MANY HBCUs WERE MENTIONED IN TODAYs “BOOKS & BABES”UPDATEs
Feliz Dia de Abuelos
Doing Business in The Bahamas: The Bahamas as a Nearshore Business, Operations & Investment Destination
Cheesy watercress stars
(2000) Jim Carrey: "The Grinch" Uncut Interview
CBS Mailbag: Dave's Extreme Eggnog Tradition | Letterman
CBS Mailbag: Dave's Extreme Eggnog Tradition | Letterman
Movie Trailer: Great American Family’s ’12 Games of Christmas’
Forward This Career Article Entry!
Career Content Home
Featured Opportunities!
Who's Online
>>
more
|
invite