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The Board of Directors of Hubbell
Incorporated
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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