Close Close

Financial Planning > UHNW Client Services > Family Office News

Aetna Board Approves $750 Million Stock Repurchase

Your article was successfully shared with the contacts you provided.

NU Online News Service, Dec. 8, 2003, 12:33 p.m. EST – Aetna Inc., Hartford, says its board has approved a plan to spend up to $750 million to buy back up to 10 million shares of the company’s common stock.[@@]

Aetna will pay for the shares with proceeds from employee stock option exercises, to offset dilution from the option exercises, the company says.

More on this topic

Aetna now has about 150 million shares of stock outstanding.