Aetna board approves buyback |
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Published
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Fri, 27 Apr 2007 19:44
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HARTFORD, Conn. (AP) - Health care benefits company Aetna Inc. said Friday its board approved a repurchase of up to $750 million of common stock.The repurchase program is in addition to the $268 million the company has remaining from previous approvals. The company said it will continue to buy shares in the open market from time to time.As of March 31, Aetna had about 512 million shares outstanding.Shares of Aetna slipped 18 cents to $47.04 in afternoon trading on the New York Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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