- ConAgra Foods (NYSE:CAG) approved an increase to its existing share repurchase program to authorize $1.25B of buyback firepower.
- The company notes the authorization is contingent on the completion of the spin-off of the Lamb Weston business.
- The new allowance has no expiration date.
- ConAgra says the authorization is part of a broader capital allocation strategy that balances debt reduction, dividends, share repurchases and strategic growth investments.
- Source: Press Release
ConAgra Foods increases buyback allowance
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Symbol | Last Price | % Chg |
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CAG | - | - |
Conagra Brands, Inc. |