Waste Management OKs more stock buybacks
HOUSTON --Waste Management Inc., the nation's largest garbage hauler, said Monday its board approved an expansion of its stock buyback plan to include an additional $600 million.
The company is now authorized to buy back $1.8 billion in stock under the program.
During the first two months of 2007 the company bought back $320 million of its stock.
Shares of Waste Management were down 17 cents at $33.21 in midday trading on the New York Stock Exchange.
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