UPS Boosts Stock-Buyback Program to $10 Billion

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 9, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Boosts Stock-Buyback Program to $10 Billion - Bloomberg

    UPS's move responds to investor pressure to buy more of its stock. The larger repurchase was made possible by a new Teamsters contract under which UPS agreed to pay $6.1 billion to exit a multiemployer pension plan for 42,000 union workers, spokesman Norman Black said in an interview.