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CSX boosts buyback firepower

Feb. 12, 2018 9:09 AM ETCSX Corporation (CSX) StockBy: Clark Schultz, SA News Editor7 Comments
  • CSX (NASDAQ:CSX) approves a boost in its buyback firepower to $5B.
  • "The CSX Board of Directors has confidence in the quality of our franchise and our long-term prospects. The share repurchase program increase to $5 billion that the CSX board has authorized is a demonstration of this confidence," says CSX CEO James Foote.
  • Management expects to complete the $5B share repurchase program by the end of the first quarter of 2019.
  • Looking ahead, CSX shareholders should mark down March 1 as an important date, with CSX execs due to present at an investor conference.
  • CSX +1.218% premarket to $51.51.
  • Source: Press Release

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