Ameriprise Buys Back $1.5B In Stock
Posted on May 13, 2010 at 12:00 PM EDT
In an attempt to return value to its shareholders, on Tuesday, the board of Ameriprise Financial Inc. (NYSE:AMP) announced the authorization for a stock buyback program of its common shares worth approximately $1.5 billion. This stock repurchase is expected to be valid till the company’s annual shareholders meeting in 2012. Management of Ameriprise projects to fund ...