KBR announced today that its Board of Directors has authorized the repurchase up to 10 million of its outstanding common shares.
The shares will be repurchased from time to time in the open market at the company’s discretion, subject to market conditions, and in accordance with applicable regulatory requirements.
The program does not obligate the company to acquire any particular amount of common stock and may be commenced, suspended or discontinued at any time or from time to time without prior notice. The share repurchase program will be funded through the company’s current cash position.
[mappress] Source: KBR, August 26, 2011;