Market Overview

Molina Announces $50M Stock Buyback Program

Molina Healthcare (NYSE: MOH) today announced that its Board of
Directors has authorized the repurchase of up to $50 million in
aggregate of the Company's common stock. The repurchase program is
effective as of September 30, 2013, and will be funded by existing cash
on hand.

Stock repurchases under this program may be made through open-market
and/or privately negotiated transactions at times and in such amounts as
management deems appropriate. The timing and actual number of shares
repurchased will depend on a variety of factors including price,
corporate and regulatory requirements and other market conditions.

The repurchase program extends through December 31, 2014, but the
Company

See full press release

Posted-In: News Guidance Management Global

 

Related Articles (MOH)

Around the Web, We're Loving...

Get Benzinga's Newsletters