Hubble Announces Authorization Of $200M Shr Repurchase Program
The Board of Directors of Hubbell Incorporated (NYSE: HUBA, HUBB) today announced the authorization of a stock repurchase program, and declared a regular quarterly dividend. The share repurchase program authorizes the repurchase from time to time of up to $200 million of the Company's Class A and Class B common stock. Depending upon numerous factors, including market conditions and alternative uses of cash, the Company may conduct discretionary repurchases through open market and privately negotiated transactions during the Company's normal trading window. The repurchase program that was authorized today expires in September 2014. It will be implemented upon completion of the current $200 million repurchase program announced in December 2007, which has a remaining authorization of approximately $4 million.
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