December 17, 2018 / 9:51 PM / a month ago

J&J announces $5 billion share repurchase plan

FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York October 15, 2015. REUTERS/Lucas Jackson/File Photo

(Reuters) - Johnson & Johnson (JNJ.N) on Monday announced a share repurchase of up to $5 billion of its common stock. The repurchase plan has no time limit and may be suspended for periods or discontinued at any time, the company said in a statement.

Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by James Emmanuel

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