Willis Towers Watson upsizes share buyback by another $1bn
Global broker WTW (Willis Towers Watson) has once again increased its existing share repurchase programme by $1 billion.
The company's board of directors has approved the increase, which is in addition to the approximately $1.3 billion remaining on the current open-ended repurchase authority.
The company is authorised to repurchase shares, by way of redemption or otherwise, and may consider whether to do so from time to time, based on many factors, including market and economic conditions, applicable legal requirements and other business considerations.
Earlier last year, the broker increased its share repurchase authority in the amount of $4 billion, in addition to the $500 million remaining at the time on its open-ended repurchase authority.
On the day its merger with Aon was terminated, WTW announced a $1 billion increase to its share repurchase programme in order to boost its investment in organic and inorganic growth opportunities over the next few years.
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
