KBR Announces Share Repurchase Program
June 08 2010 - 4:12PM
Business Wire
KBR (NYSE:KBR) announced today that it is initiating a Board of
Directors authorized share repurchase program to repurchase up to
10 million of its outstanding common stock and over time, maintain
KBR’s outstanding shares at approximately 150 million shares.
The shares will be repurchased from time to time in the open
market at the company’s discretion, subject to market conditions,
and in accordance with applicable regulatory requirements.
The program does not obligate the company to acquire any
particular amount of common stock and may be commenced, suspended
or discontinued at any time or from time to time without prior
notice. The share repurchase program will be funded through the
company’s current cash position.
KBR is a global engineering, construction and services company
supporting the energy, hydrocarbon, government services, minerals,
civil infrastructure, power and industrial markets. For more
information, visit www.kbr.com.
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