Industry News | January 24, 2008
Yum! Brands Announces an Additional $1.25 Billion Share-Repurchase Authorization
Repurchases of common stock may be made from time to time in the open market or privately negotiated transactions and will be subject to market conditions and other factors. Since the company began its repurchase program in 1999, about 250 million shares have been repurchased for approximately $5.4 billion at an average price of $21.73 through January 23. Over the past two years, the company’s regular share-repurchase program has reduced average diluted share count by 9 percent.
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