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Gillette Announces Share Repurchase Program Sep 17, 2003 |
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Personal care products maker The Gillette Company announced that its Board of Directors has authorized a share repurchase program for 50 million shares of Gillette common stock. Gillette also has the authority to repurchase 7 million shares, resulting from its prior program.
The company plans to purchase the shares in the open market or in privately negotiated transactions over the next two to three years, depending on market conditions and other factors.