Courtesy of Benzinga.
Towers Watson & Co. (NYSE: TW) announced that its Board of Directors has approved the purchase of up to $150 million of the company’s class A common stock. The company may make opportunistic repurchases of common stock from time to time through open-market purchases, in privately negotiated transactions or otherwise.
The amount and timing of any purchases will depend upon a number of factors, including the price and availability of the company’s shares and general market conditions. No time limit has been placed on the duration of the share repurchase program, and it may be discontinued at any time.
The Company also announced that its Board of Directors declared a regular quarterly cash dividend of $0.10 per common share for the quarter ended December 31, 2011. The dividend is payable on or about April 16, 2012 to shareholders of record at the close of business on March 30, 2012.
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