Johnson & Johnson board approves $10B buyback plan

Posted online October 13, 2015 | 11:42 am

Johnson & Johnson announced today its board of directors approved a $10 billion stock buyback plan.

The health care and pharmaceutical products company said the plan would be financed through the issuance of debt.

As of Sept. 27, the company had 2.77 billion shares of common stock outstanding.

Read more from The Associated Press.

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