Visteon (VC) Adds $200M to Buyback Plan - InvestingChannel

Visteon (VC) Adds $200M to Buyback Plan

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

Top NewsMost Read Highlighted

Get AlertsVC Hot Sheet

NEUTRAL ( Up)

Visteon Corporation (NYSE: VC) today announced that the company’s board of directors has reauthorized the company’s current $100 million share repurchase program and increased the repurchase amount to include an additional $200 million worth of its common shares over the next two years.

This action creates a total of $250 million available with which to repurchase shares, as the company has already repurchased $50 million worth of its common shares since the initial share repurchase program was authorized in August 2012. This creates a total share repurchase program of $300 million.

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items – JOIN NOW