Platinum Underwriters raises buyback program to $250 million
By APTuesday, February 23, 2010
Platinum Underwriters authorizes further buyback
NEW YORK — Reinsurance provider Platinum Underwriters Holdings Ltd. on Tuesday said it authorized the repurchase of up to $167 million more in shares.
The approval raises the total of an existing share buy back program to up to $250 million. A previous program had about $83 million left.
Shares lost 13 cents at $36.88 in afternoon trading.
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