Fresh Del Monte Announces New Share Repurchase Program

Fresh Del Monte Produce Inc. (FDP) announced on February 21 that its Board of Directors approved a new share repurchase program. The new three-year and $300 million share repurchase program will expire on February 21, 2021. This authorization is in addition to the current $300 million share repurchase program that is set to expire on July 29, 2018.

 

Sonal detected the event and issued an alert at 4:20 pm. The next trade took place at the market open the next morning for $46.65. The stock price continued to rise throughout the day until the close at $49.18.

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