Newell Brands Inc. Buyback
OLI recorded this information on 9/26/2017
Newell Brands Inc.
Newell Brands Inc. (NYSE:NWL) today announced that it is reinstating its Stock Repurchase Program that the company voluntarily suspended in the fourth quarter of 2015, in association with the Jarden transaction. Under the current authorization, which is effective through the end of 2017, approximately $256 million of the original $500 million is available for the repurchase of the company's common shares. Under the program, the company's common shares may be purchased through a combination of a 10b5-1 automatic trading plan and discretionary purchases on the open market or in privately negotiated transactions. The amount and timing of any purchases will depend on several factors, including trading price, trading volume and general market conditions.
Newell Brands is a global marketer of consumer and commercial products. Co.'s segments include: Appliances and Cookware, which designs, manufactures, sources, markets and distributes a various line of household products; Food and Commercial, which designs, manufactures, sources, markets and distributes a various line of household products; Home and Outdoor Living, which designs, manufactures, sources, markets and distributes home fragrance and home security products; and Learning and Development, which designs, manufactures, sources, markets and distributes writing instruments, including markers and highlighters, pens and pencils.
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Hold (2.50 out of 4)
(ranked lower than approx. 85% of all stocks covered)
Based on Zacks ABR data;
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