NU Online News Service, Aug. 29, 12:15 p.m. – The Principal Financial Group Inc., Des Moines, Iowa, says its board has authorized the repurchase of up to $300 million of the company's common stock.
Principal has "substantially completed" a $450 million share repurchase authorized in February, the company says.
The company has 347 million shares of common stock outstanding, and the shares are selling for about $29 apiece.
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