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Mondelez International increases share repurchase authorization to $7.7 billion
date:Dec 04, 2013
nsistent with our ongoing commitment to return capital to our shareholders, said Chairman and CEO Irene Rosenfeld. Following the resolution of the Starbucks arbitration, we said we would use the net proceeds of the award to buy back shares. This ASR transaction enables us to do that in a quick and cost-effective manner.

Upon completion of the ASR, which is expected no later than the second quarter 2014, the company will have returned at least $4 billion to shareholders in the form of dividend

12/25 00:19