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| Centex Increases Share Repurchase Authorization Centex Corporation announced that its Board of Directors has increased the company's share repurchase authorization by an additional 5, 000, 000 shares. Centex also announced that it will be entering into a Rule 10b5-1 share repurchase plan with a broker to facilitate the repurchase of shares of its common stock under the new share repurchase authorization. Under this particular plan, beginning Jan. 3, 2006, Centex will repurchase up to 1, 500, 000 shares of its common stock. The plan expires upon the earliest of Jan. 31, 2006, the purchase of all the shares covered by the plan, or certain other specified events. There is no specific timetable for the purchase of the remaining shares. Centex has completed the 5, 000, 000 share repurchase program announced on Oct. 31, 2005. write your comments about the article :: © 2005 Construction News :: home page |