Harris Corporation's Board approved a new $1 billion share repurchase authorization. This new program is in addition to the existing program, which has an unused authorization of approximately $62 million. The company expects to repurchase up to $200 million in shares in fiscal 2014.
Taubman Centers said that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to $200 million of its outstanding common stock. The company plans to repurchase shares from time to time on the open market or in privately negotiated transactions or otherwise, depending on market prices and other conditions. If the entire $200 million is used at current market prices, the repurchase would represent just under five percent of the company's common shares outstanding.
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