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|AmerisourceBergen Authorizes a New $750 Million Share Repurchase Program and Approves Quarterly Dividend|
VALLEY FORGE, Pa., Aug 11, 2011 (BUSINESS WIRE) --
The Board of Directors of AmerisourceBergen Corporation (NYSE: ABC) today authorized a new $750 million share repurchase program, effective immediately. AmerisourceBergen expects to use the new program to repurchase its outstanding shares of common stock, subject to market conditions. The Company recently completed its prior $500 million program which was authorized by the Board of Directors on September 23, 2010. To date in fiscal year 2011, which ends September 30, 2011, the Company has spent $598 million to repurchase its outstanding shares of common stock.
"The new share repurchase program and the $598 million repurchase of common stock so far in fiscal 2011 demonstrate our continued commitment to delivering long-term shareholder value," said Steven H. Collis, AmerisourceBergen President & Chief Executive Officer.
In addition, the Board of D