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Life Health > Health Insurance > Life Insurance Strategies

Unum Buys Back Shares

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A disability insurer has taken steps to increase the value of its outstanding common stock.

Unum Group Corp., Chattanooga, Tenn., says it is buying back about $350 million of its stock from Morgan Stanley Inc., New York, using an accelerated share repurchase agreement.

The Unum board has authorized the repurchase of up to $700 million in company stock.


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