Automatic Data Processing (NASDAQ:ADP)
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3 Months : From Oct 2019 to Jan 2020
By Maria Armental
Automatic Data Processing Inc.'s board approved spending up to $5 billion to buy back the company's stock, the company said Tuesday.
The $5 billion stock repurchase approval replaces a 2015 authorization to buy up to 25 million shares of common stock. As of Sept. 30, it had about 8.1 million shares left under that authorization, according to a securities filing.
ADP had approximately 433 million common shares outstanding as of Oct. 30.
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(END) Dow Jones Newswires
November 12, 2019 17:56 ET (22:56 GMT)
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