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Business

Repurchase of shares underway

MINNEAPOLIS – The Donaldson Co. Inc. Board of Directors has 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. The company has repurchased 14 million shares out of the 16 million shares in the March 2010 authorization. The new 15 million share authorization is effective until otherwise modified by the board.

Donaldson operates a plant in Dixon.

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