Du Pont Authorizes New $5 Bln Share Repurchase Program - Quick Facts

(RTTNews) - E. I. du Pont de Nemours and Company (DD) Tuesday said its Board of Directors authorized a new $5 billion share repurchase program of the company's common stock, replacing the existing repurchase program.

The company expects to buy back $2 billion in 2014 with the remainder to be repurchased over time with no required completion date.

DuPont Chair and CEO Ellen Kullman said, "Given our cash position, strong balance sheet and outlook, this program is a measured way to maintain ample financial capability, reinvest in our science-based businesses for growth, and deliver attractive cash returns to our shareholders."