To further enhance shareholder value, C.H. Robinson’s (CHRW) Board of Directors has authorized a $2 billion share repurchase program. “We currently intend to execute this program over approximately three years,” Lee added. This new authorization is in addition to the existing share repurchase authorization, which has approximately 4.5 million shares remaining. Repurchases may be made from time to time in the open market at prevailing prices or in privately negotiated transactions, including block purchases, accelerated share repurchase programs, and 10b5-1 plan, subject to market conditions and other factors.
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