Republic Services OKs $650 million to buy shares
Board of Republic Services approves $650 million more to buy back waste company's shares
Republic Services Inc. said Thursday that its board added $650 million to the company's authorization to buy back shares.
The solid waste and recycling company had $110.6 million left under a previous authorization, so the board action pushed the total available to $760.6 million — more than 6 percent of outstanding shares at Thursday's price — through Dec. 31, 2015.
The announcement came as Republic released third-quarter financial results.
The shares rose 12 cents to close at $33.47. They have gained 14 percent this year.
