21.03.2014 14:24:48

Cameron To Buy Back Additional $500 Mln Of Shares - Quick Facts

(RTTNews) - Cameron International Corp.(CAM) announced that its board has approved an increase in the company's share repurchase authorization by an additional $500 million.

In addition, the Company reported it has repurchased 12.8 million shares so far in 2014, at a total cost of $780 million.

The company has also established its first commercial paper program which will be used for general corporate purposes including share repurchases. The program is authorized to a maximum of $500 million.

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