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Discuss: UPS Boosts Stock-Buyback Program to $10 Billion

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Old 01-09-2008, 03:16 PM   #1
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Default Discuss: UPS Boosts Stock-Buyback Program to $10 Billion

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.
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