Wabtec expands share repurchase program by $50M

|By:, SA News Editor

Wabtec's (WAB) board authorizes a $50M expansion to the company's share buyback program to $200M.

The program had $45M remaining under the previous authorization, with Wabtec having repurchased $38M in shares in 2013.

If executed, the expansion would reduces shares outstanding by 0.8% as of today's closing price.