Textron to spend $500 million on stock-buyback plan

07/24/2008 | Forbes

Textron, parent company of E-Z-Go, said Wednesday that it will accelerate its stock-buyback plan, repurchasing $500 million in shares during the remainder of the year. The company spent $190 million buying back its stock in the first half of 2008, and some 19 million shares remain available for repurchase under a plan approved by the board last year.

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