Fortune Brands Announces $250 Mln Stock Buyback Authorization

(RTTNews) - Fortune Brands Home & Security, Inc. (FBHS) said Monday that its Board of Directors has authorized the repurchase of up to $250 million of shares of the company's common stock over the next two years on the open market or in privately negotiated transactions.

The authorization is in effect until June 2, 2016.

With about $50 million remaining under the prior share repurchase authorizations, the new limited share repurchase authorization represents the Board's continued confidence in the Company's long-term cash flow potential, the company noted. Share repurchases in 2014 total more than $190 million to date.