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Lorillard (LO +0.5%) approves a $500M share repurchase program. The company expects to make the...

Lorillard (LO +0.5%) approves a $500M share repurchase program. The company expects to make the buybacks during the course of 2013.
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Comments (2)
  • Stephen J Melnykevich
    , contributor
    Comments (1314) | Send Message
     
    I thought their stock was cheap, apparently so does the company itself.
    8 Mar 2013, 02:24 PM Reply Like
  • donlsales
    , contributor
    Comments (123) | Send Message
     
    Some of these shares will be purchased for the employee stock purchase program, which allows employees to purchase the stock at a discount of five percent.
    8 Mar 2013, 02:58 PM Reply Like
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