Coca-Cola to repurchase up to 13% of its stock
July 20, 2006
by FoodBusinessNews.net Staff
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.