XL Capital Plans to Buy Back as Much as $1 Billion in Shares
Created: Feb 26, 2007 10:00 AM
c.2007 Bloomberg NewsFeb. 26 (Bloomberg) -- XL Capital Ltd., a Bermuda-based business insurer, said it would buy back as much as $1 billion of the company's shares.Purchases will be made from time to time, either in the open market or privately negotiated transactions, XL said in a statement distributed today by PR Newswire.
c.2007 Bloomberg News
Feb. 26 (Bloomberg) -- XL Capital Ltd., a Bermuda-based business insurer, said it would buy back as much as $1 billion of the company's shares.
Purchases will be made from time to time, either in the open market or privately negotiated transactions, XL said in a statement distributed today by PR Newswire.
--Editor: Stock
To contact the reporter on this story: Hugh Son in New York at +1-212-617-7872 or hson1
bloomberg.net
To contact the editor responsible for this story: Helen Stock at +1-212-617-2315 or hstock
bloomberg.net
-0- Feb/26/2007 14:32 GMT
02-26-07 1432GMT
