Xylem announces new $500M share repurchase program of common stock
Xylem's board of directors has authorized a new share repurchase program of its common stock of up to $500 million.
Effectively immediately, the company's board of directors has authorized the new share repurchase program of its common stock of up to $500 million.
Xylem intends to be opportunistic in its repurchases of stock based on market conditions and other factors and may suspend the repurchase program at any time.
These repurchases are expected to be made from time to time in the open market or privately negotiated transactions. The company will host an Investor Day on Thursday, Sept. 24, 2015, in New York City, N.Y.
Xylem (XYL) is a global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world’s most challenging water and wastewater problems. For more information, visit www.xyleminc.com.