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Stock Market & Financial Investment News

News Breaks
October 19, 2012
12:22 EDTUBNKUnited Financial announces new 769,000 share repurchase plan
United Financial Bancorp announced that its Board of Directors has approved a new stock repurchase program. Under the program, the company intends to repurchase up to 769,000 shares from time to time, depending on market conditions and other factors, at prevailing market prices in open-market or privately negotiated transactions. The authorized share repurchases represent approximately 5.0% of United Financial Bancorp's current total outstanding common stock. The new plan will commence upon the latter of the completion of the company's current repurchase program announced on October 26, 2010 or the day after the New England Bancshares special meeting to approve the merger with the company, which is scheduled for November 1. The company has approximately 69,000 shares remaining under the current program.
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