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Flowserve Will Buy Back Up to $1B

By Insider Scoop
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Courtesy of Benzinga.

Flowserve Corporation (NYSE: FLS) announced that its board of directors today has endorsed an updated capital structure strategy designed to make the company’s financial structure more efficient. This capital structure strategy will include returning additional capital more quickly to shareholders through a new $1 billion stock repurchase program approved by the board.

(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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