Mondelez International (MDLZ +0.5%) authorizes a share buyback program of the lesser of 40M...

|By:, SA News Editor

Mondelez International (MDLZ +0.5%) authorizes a share buyback program of the lesser of 40M shares or $1.2B worth of stock. The company says its primary purpose of the repurchase plan is to offset dilution from equity compensation initiatives.