WMI to continue stock buyback program.(News Waste Management Inc. sees board okay stock buybacks for 2002, 2003 and 2004)
Waste News, November, 2002 by Johnson, Jim
Byline: Jim Johnson Waste Management Inc. expects to buy back plenty more common stock during the next couple of months and will continue the trend into next year. The Houston-based solid waste management giant already has repurchased $561 million worth of stock this year, including about $80 million worth during the quarter ended Sept.
30. Waste Management's board has authorized total stock buybacks of $1 billion for this year and the same amount for 2003 and 2004, said William Trubeck Sr., the company's chief financial officer. ``Share count has decreased as a result of our share buyback program,'' Trubeck said. ``During the third quarter, the company repurchased an additional 3.1 million shares of common stock for approximately $80...
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