Market Overview

Fresh Del Monte Produce Announces $300M Share Repurchase Program

Fresh Del Monte Produce (NYSE: FDP) announced today that its Board of Directors, at their May 1, 2013 board meeting, approved a three-year stock repurchase program of up to $300 million of the Company's ordinary shares, which will expire on May 1, 2016. The share repurchase program announced today is in addition to the Company's existing three-year repurchasing program of $150 million, which is set to expire on May 5, 2013.

About Fresh Del Monte Produce Inc.

Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa, the Middle East and the countries formerly part of the Soviet Union. Fresh Del Monte markets its products worldwide under the Del Monte® brand, a symbol of product innovation, quality, freshness and reliability for more than 100 years.

Forward-looking Information

Posted-In: News Buybacks

 

Related Articles (FDP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters