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ConAgra Foods increases buyback allowance

Oct. 11, 2016 8:47 AM ETConagra Brands, Inc. (CAG) StockLWBy: Clark Schultz, SA News Editor
  • 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

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