J&J announces $5 billion share repurchase plan

J&J announces $5 billion share repurchase plan

(Reuters) - Johnson & Johnson on Monday announced a share repurchase of up to $5 billion of its common stock. The repurchase plan has no time limit and may be suspended for periods or discontinued at any time, the company said in a statement.

(Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by James Emmanuel)

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Updated Date: Dec 18, 2018 04:05:27 IST

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