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Illinois Tool Works Inc. Buyback

OLI recorded this information on 8/2/2013

Company: Illinois Tool Works Inc.
Buyback: ITW buyback
$Amount Authorized: $6,000,000,000
Buyback Details: Illinois Tool Works Inc. (NYSE: ITW) today announced that its board of directors approved a new share repurchase program that authorizes management to buy back up to $6 billion of the Company's common stock over an open ended period of time. The full authorization represents approximately 81 million shares based on ITW's closing share price on August 1, 2013.

Illinois Tool Works is a global manufacturer of a range of industrial products and equipment. Co.'s segments include: Automotive OEM, which produces components and fasteners for automotive-related applications; Food Equipment, which is engaged in commercial food equipment; Test and Measurement and Electronics, which produces equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics; and Welding, which produces arc welding equipment, consumables and accessories for an array of industrial and commercial applications.

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Company Name: 
Illinois Tool Works, Inc.
Stock buyback: 
ITW buyback
Website: 
www.itw.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding ITW: 
115
Total Market Value Held by ETFs: 
$6.71B
Total Market Capitalization: 
$56.99B
% of Market Cap. Held by ETFs: 
11.77%
 

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Hold (2.07 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

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