U.S. Cellular announces 1.3M stock repurchase program
United States Cellular Corporation announced a new stock repurchase authorization for the repurchase of up to 1.3 million shares per calendar year, as market conditions permit. The primary reason for the new authorization is to offset future dilution from benefit and compensation plans. It replaces the existing Limited Authorization, which permitted U.S. Cellular to repurchase up to 5% of the public float in any 12-month period. :theflyonthewall.com
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