Coca-Cola Board Adds 150 Million Shares to Buyback Program
February 21 2019 - 11:42AM
Dow Jones News
By Colin Kellaher
Coca-Cola Co. (KO) on Thursday said its board approved a new
repurchase program covering an additional 150 million shares.
The Atlanta beverage giant said the new program takes effect at
the conclusion of its current program for 500 million shares, which
it announced in October 2012.
Coca-Cola currently has about 4.2 billion shares outstanding and
a market capitalization of roughly $192 billion.
Shares of Coca-Cola rose less than 1% to $45.51 in late morning
trading Thursday.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 21, 2019 11:27 ET (16:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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