Chemed Corporation’s Board of Directors Approves $100 Million Stock Repurchase Program
February 22 2011 - 7:30AM
Business Wire
Chemed Corporation (NYSE:CHE) today announced that the Board of
Directors has formally authorized $100 million available for stock
repurchase under Chemed’s share repurchase program. These share
repurchases will be funded through a combination of cash generated
from operations as well as utilization of its revolving credit
facility.
Listed on the New York Stock Exchange and headquartered in
Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two
wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS
is the nation's largest provider of end-of-life hospice care and
Roto-Rooter is the nation’s leading provider of plumbing and drain
cleaning services.
Statements in this press release or in other Chemed
communications may relate to future events or Chemed's future
performance. Such statements are forward-looking statements and are
based on present information Chemed has related to its existing
business circumstances. Investors are cautioned that such
forward-looking statements are subject to inherent risk and that
actual results may differ materially from such forward-looking
statements. Further, investors are cautioned that Chemed does not
assume any obligation to update forward-looking statements based on
unanticipated events or changed expectations.
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