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Unum Group buys back $350M in stock from Deutsche (AP)

Fri, 1 Aug 2008 13:24:27 Etc/GMT

CHATTANOOGA, Tenn. (AP) -- Unum Group said Friday it will buy back about $350 million of its outstanding shares from Deutsche Bank, AG London Branch.

The company said the buyback completes the company's authorization to repurchase up to $700 million of its stock.

Under the terms of the deal, Unum Group may either receive or have to pay a price adjustment based on the volume weighted average price of the stock during the term of the agreement.


source: http://biz.yahoo.com/ap/080801/unum_group_buyback.html?.v=1

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