NU Online News Service, Sept. 18, 10:25 a.m. – Reinsurance Group of America Inc., St. Louis, approved a repurchase program authorizing the company to purchase up to $25 million of its shares of stock.
The action of the company’s board of directors allows management to purchase shares on the open market. No time frame or prices have been specified for the repurchase program, which is effective immediately, the company says.
Repurchases may be made in the open market, through block trades or otherwise. Depending on market conditions and other factors, the repurchases may be commenced or suspended at any time and from time to time without prior notice, the company says.