PCC boosts stock buyback plan

Aug 19, 2013 | 10:02 AM | Frank Haflich

Tags  aerospace, Precision Castparts, PCC, Mark Donegan, stock buyback, Sterne Agee Group, Peter Arment, Josh W. Sullivan Frank Haflich

LOS ANGELES — Precision Castparts Corp. (PCC) has raised its potential common stock buybacks by $750 million but said it won’t hobble its aggressive acquisition program.

The Portland, Ore.-based producer of aerospace and industrial products said its board of directors authorized share repurchases through June 2015 representing 2.4 percent of its outstanding shares, in addition to approximately $400 million remaining from a previous authorization. The repurchase authorization doesn’t....

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