Benzinga | Sep 1, 2021 08:42AM EDT

From Earlier: Campbell Soup Board Approved $500M Buyback

Share Repurchases

Today, the Board of Directors approved a $500 million strategic share repurchase program. The program has no expiration date and is in addition to the $250 million anti-dilutive share repurchase program announced during the previous quarter. The company expects to fund the repurchases out of its existing cash flow generation and repurchases may be made in open market or privately negotiated transactions. The $500 million strategic share repurchase program replaces the suspended $1.5 billion program, which has been cancelled.