Mead Johnson Nutrition Company Buyback
OLI recorded this information on 9/11/2013
Company:
Mead Johnson Nutrition Company
Buyback:
MJN buyback
$Amount Authorized:
$500,000,000
Buyback Details:
Mead Johnson Nutrition Company (NYSE:MJN) announced today that its board of directors approved a new share repurchase authorization of up to $500 million of the company's common stock. This new program is in addition to approximately $9.7 million that currently remains under the previous $300 million share repurchase authorization approved in March 2010. Shares will be repurchased from time-to-time in the open market or in privately negotiated transactions. The company said the repurchase program is intended to offset the dilutive impact on earnings from equity-based compensation and allow for opportunistic stock purchases to return capital to shareholders.
Mead Johnson Nutrition is a nutrition company for infants and children. Co.'s product portfolio consists of two main product categories: infant formula and children's nutrition. Co.'s product categories can be separated into five general product types: routine infant, solutions, specialty, children's nutrition and other. Co.'s routine infant formula is intended for healthy consumers while its solutions and specialty products are offered for infants with common feeding problems and special nutritional needs. Co.'s children's nutrition products are designed to meet the nutritional needs of children at different stages of development. Co.'s other products include vitamins and supplements.
Open the MJN Page at The Online Investor »
|
||||||||||||
Open the MJN Page at The Online Investor (in a new window) »
 Free MJN Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
 
|
Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
