(Reuters) - J&J, which is based in New Brunswick, New Jersey, has almost 2.9 billion shares outstanding. It will finance the stock repurchases through a combination of available cash and debt.
Company spokesman Jeffrey Leebaw declined to comment on the stock buyback plan, saying J&J officials will discuss it with investors during a second-quarter earnings conference call on July 17.
Read more at Reuters.com Hot Stocks News
Company spokesman Jeffrey Leebaw declined to comment on the stock buyback plan, saying J&J officials will discuss it with investors during a second-quarter earnings conference call on July 17.
Read more at Reuters.com Hot Stocks News
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