Del Monte plans additional share repurchase

http://www.businessweek.com/ap/financialnews/D9FGVANG0.htm
Del Monte plans additional $150M share repurchase
CORAL GABLES, Fla.
Fresh Del Monte Produce Inc. said on Wednesday that its board has approved a new three-year share repurchase program of up to $150 million.
The new program is in addition to the current $150 million buyback program approved July 31, 2009. That program has another $107 million remaining as of Wednesday, the company said.
Shares of the fruit grower, marketer and distributor fell 92 cents, or 4.2 percent, to close at $21 before the announcement. They rose 44 cents, or 2.1 percent, to $21.44 in trading after the market closed.