Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
WBC > SEC Filings for WBC > Form 8-K on 30-Oct-2013All Recent SEC Filings

Show all filings for WABCO HOLDINGS INC.

Form 8-K for WABCO HOLDINGS INC.


30-Oct-2013

Other Events


Item 8.01 Other Events.

At a meeting held on October 29, 2013, the WABCO Holdings Inc. board of directors authorized the Company to increase its current share buyback program . With this new authority from the Board, the Company may now repurchase an additional $200 million of common shares under the current buyback program, which will expire on December 31, 2014.

WABCO's share buyback program commenced in June 2011 with authority to repurchase up to $400 million of common shares. In October 2012, the Board authorized the repurchase of an additional $400 million of common shares under the current share buyback program, which will expire on December 31, 2014. As of October 25, 2013, the Company has repurchased 9,236,567 million shares for $540.1 million in open market transactions under the share buyback programs commenced in June 2011.

With yesterday's board action and the remaining authority under the current share buyback program, WABCO is authorized to repurchase up to $459.9 million of shares between now and December 31, 2014.


INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS

Comments in this report contain certain forward-looking statements, which are based on management's good faith expectations and beliefs concerning future developments. Actual results may differ materially from these expectations as a result of many factors. These factors include, but are not limited to, the risks and uncertainties described in the "Risk Factors" section and the "Forward Looking Statements" section of the Company's Annual Report on Form 10-K, as well as in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations - Information Concerning Forward Looking Statements" sections of the Company's Form 10-Q Quarterly Reports. In addition, the timing and amount of purchases under the Company's share buyback program will be determined by the Company in its sole discretion by reference to, among other things, share price and market conditions, as well as any limitations under applicable law. The Company does not undertake any obligation to update such forward-looking statements. All market and industry data are based on Company estimates.


  Add WBC to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for WBC - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.