WABCO Board of Directors Authorizes Additional $400 Million of Share Buyback
WABCO Holdings Inc. (NYSE: WBC), (www.wabco-auto.com ) a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that on October 26, 2012 its board of directors authorized the company to enter into an additional share repurchase program. This board authorization allows for the repurchase of a further $400 million of common shares at the discretion of management for a period until December 31, 2014. Since the initiation of WABCO's ongoing share buyback program of $400 million commenced in June 2011, the company has repurchased 6,409,012 million shares for $340.2 million in open market transactions as of October 26, 2012.
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