Publie le 3 fevrier 2011
(http://www.reuters.com/finance/stocks/keyDevelopments?rpc=66&symbol=VZ×tamp=20110203160200)
Thursday, 3 Feb 2011 11:02am EST
Verizon Communications Inc. announced that its Board of Directors has authorized the corporation to repurchase up to 100 million shares of its common stock. The board also determined that no additional shares may be acquired under a previously approved program to repurchase up to 100 million shares. Under the previous program, which was due to end Feb. 28, 2011, approval remained to purchase approximately 60 million shares. Under the plan approved today by the board, Verizon's senior officers have the option to repurchase shares for the corporation over time in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases depending on market conditions and corporate needs. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. The authorization to repurchase shares terminates when the aggregate number of shares repurchased reaches 100 million or at the close of business on February 28, 2014, whichever is earlier.
