Nucor Corporation Buyback
OLI recorded this information on 9/2/2015
The board of directors of Nucor Corporation (NYSE: NUE) today approved the repurchase of up to $900 million of the company's common stock. Share repurchases will be made from time to time in the open market at prevailing market prices, through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The board of directors also terminated any previously authorized repurchase programs.
Nucor manufactures steel and steel products. Co.'s operations include international trading and sales companies that buy and sell steel and steel products. Co.'s segments are: steel mills, which produces sheet steel, plate steel, and structural steel, and bar steel; steel products, which produces hollow structural section steel tubing, electrical conduit, steel joists and joist girders, steel deck, cold finished steel, steel fasteners, metal building systems, and wire and wire mesh; and raw materials, which produces direct reduced iron (DRI), brokers ferrous and nonferrous metals, pig iron, hot briquetted iron and DRI, supplies ferro-alloys, and processes ferrous and nonferrous scrap metal.
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Buy (2.87 out of 4)
(ranked lower than approx. 68% of all stocks covered)
Based on Zacks ABR data;
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