Norfolk Southern amends stock repurchase program
The board of Norfolk Southern Corp. has amended its common stock repurchase program to increase the number of shares that may be repurchased from 50 million to 75 million.
In addition, the authorization term has been shortened by five years to end on Dec. 31, 2010.
Since the start of the program in November 2005, about 27.2 million shares have been repurchased for $1.2 billion.
Norfolk Southern amends stock repurchase program