58°FOvercastFull Forecast

Donaldson Co. to repurchase shares

Published: Saturday, Oct. 12, 2013 1:15 a.m. CDT

DIXON – Donaldson Co. Inc. has announced that its board of directors authorized the repurchase of up to 15 million common shares, or approximately 10 percent of its outstanding shares.

The new repurchase authorization replaces the existing authority that was approved in March 2010.

Jim Shaw, CFO, said the consistent repurchasing of shares is a way of returning value to shareholders.

More News

National video

Reader Poll

CNN will host the first debate of Democratic candidates for president on Oct. 13. Do you plan to watch it?
Not sure
No opinion