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BRIEF-BB&T Corp announces a $200 million increase to its 2016-2017 common stock buyback
December 20, 2016 / 10:12 PM / 7 months ago

BRIEF-BB&T Corp announces a $200 million increase to its 2016-2017 common stock buyback

1 Min Read

Dec 20 (Reuters) - Bb&T Corp

* Says announced a $200 million increase to its 2016-2017 common stock repurchases

* Expects to implement additional $200 million in repurchases through an accelerated share repurchase agreement prior to end of 2016

* Board approved increase in share repurchase following receipt of a non-objection from board of governors of federal reserve system

* Says under terms of accelerated share repurchase agreement, repurchases will commence in 2016 and are expected to be completed in early 2017 Source text for Eikon: Further company coverage:

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