Donnelley Reports Sales Growth, Announces $1 Billion Share Repurchase
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The purchases will be funded by, among other things, RRD’s available cash, cash flow and borrowings under its credit facilities.
“This new share repurchase authorization demonstrates RR Donnelley’s continued commitment to increase value to shareholders,” added Quinlan. “Based on RR Donnelley’s operational performance, financial strength and positive long-term outlook, we believe that share repurchases are an appropriate mechanism to return capital to shareholders.”
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