Johnson & Johnson's Board of Directors Approves $10 Billion Stock Buyback Program - StarTribune.com -BoardProspects

Johnson & Johnson's Board of Directors Approves $10 Billion Stock Buyback Program

StarTribune.com Oct 13 2015 BoardNews

NEW YORK — Johnson & Johnson said Tuesday that its board of directors approved a $10 billion stock buyback plan. The health care and pharmaceutical products company said there is no time limit on the program and it will be financed through the issuance of debt...
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1. The board of directors and management team believe that the company's shares are an attractive investment opportunity and repurchasing stock is an important part of our capital allocation strategy.
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