NU Online News Service, June 25, 1:25 p.m. – The board of directors of John Hancock Financial Services, Inc., Boston, today added another $500 million worth of common stock to the company's buyback program.
It originally authorized the repurchase of $500 million in common stock in October 2000. As of March 31, the company had repurchased 21.2 million shares for about $777.4 million.
The company says it will continue to buy its own common stock from time to time, depending on market conditions, business opportunities and other circumstances.
