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BUSINESS
September 4, 1997 | Bloomberg News
Rockwell International Corp. said Thursday its board increased the company's stock buyback plan by $500 million. The added funding gives Rockwell $650 million to repurchase shares in the future. The company has spent about $850 million in the past year buying back stock, and now has about 212 million shares outstanding. Based on today's closing share price of $61.81, the $650 million would buy about 10.5 million Rockwell shares.
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BUSINESS
September 4, 1997 | Bloomberg News
Rockwell International Corp. said Thursday its board increased the company's stock buyback plan by $500 million. The added funding gives Rockwell $650 million to repurchase shares in the future. The company has spent about $850 million in the past year buying back stock, and now has about 212 million shares outstanding. Based on today's closing share price of $61.81, the $650 million would buy about 10.5 million Rockwell shares.
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