BELLEVUE, Wash.—Heavy truck maker Paccar Inc. said Tuesday that its board approved the repurchase of an additional $300 million of its common stock.
Paccar said that it is nearing the completion of its previous $300 million buyback program.
Paccar shares rose $1.44, or 3.5 percent, to $42.71 in afternoon trading.
© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
