Coca-Cola to repurchase up to 13% of its stock

by Staff
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ATLANTA — The board of directors of The Coca-Cola Co. on Thursday authorized a new share repurchase program of up to 300 million shares of the company's common stock, or nearly 13% of total outstanding shares.

The program will take effect Oct. 31, upon the conclusion of the company’s current repurchase plan.

Since 1997, the company has returned more than $28 billion to shareowners through approximately $10 billion in share repurchases and $18.7 billion in dividends.

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