Seeking Alpha

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

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.
Comments (1)
  • port
    , contributor
    Comment (1) | Send Message
     
    Why would stock drop 4% on buyback announcement?
    1 Oct 2012, 10:27 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector