ONEOK Announces Three-year Stock Repurchase Program of up to $750M
The board of directors of ONEOK, Inc. (NYSE: OKE) today authorized a new three-year stock repurchase program to buy up to $750 million of the company's issued and outstanding common stock, subject to the limitation that purchases will not exceed $300 million in any one calendar year.
The purchases will be funded by the company's available cash, free cash flow and short-term borrowings.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.