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Pentair (PNR) says its board has authorized an additional $800M stock buyback , to expire on...

  • Monday, October 1, 2012, 4:55 PM ET
    Pentair (PNR) says its board has authorized an additional $800M stock buyback , to expire on December 31, 2015. The authorization is in addition to the $400M repurchase program announced on September 28, giving the company an aggregate amount of $1.2B which is consistent with its March, 2012 merger announcement. Share -4.4% AH.
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    Why would stock drop 4% on buyback announcement?
    1 Oct 2012, 10:27 PM Reply Like
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