Church & Dwight, Co. Inc., (NYSE:CHD) announced today that the Company has entered into a pre-arranged stock repurchase plan under which it will repurchase shares of its common stock as part of the Company's previously announced $300 million repurchase authorization. The stock repurchase plan will operate in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934. Accordingly, transactions, if any, will be affected in accordance with the terms of the stock repurchase plan, including specified price, volume and timing conditions. The shares that may be purchased under the stock repurchase plan will be applied against the amount previously authorized by the Company's Board of Directors on August 3, 2011. The Company may enter into additional stock repurchase plans designed to comply with the Rule 10b5-1 guidelines to effect purchases under the stock repurchase authorization, but does not intend to issue any further press releases regarding entry into such plans.
About Church & Dwight
Church & Dwight Co., Inc. manufactures and markets a wide range of personal care, household and specialty products under the ARM & HAMMER brand name and other well-known trademarks.
This release contains forward-looking statements relating to, among other things, anticipated share repurchases under the stock repurchase plan and the previously announced share repurchase authorization. These statements represent the intentions, plans, expectations and beliefs of the Company, and are subject to risks, uncertainties and other factors, many of which are outside the Company's control and could cause actual results to differ materially from such forward-looking statements. The uncertainties include assumptions as to global and domestic economic conditions, conditions in the securities markets generally and with respect to Company common stock, market growth and consumer demand (including the effect of political and economic events on consumer demand), retailer actions in response to changes in consumer demand and the economy, raw material and energy prices, the financial condition of major customers and suppliers, interest rate and foreign currency exchange rate fluctuations and changes in marketing and promotional spending. Other factors that could materially affect actual results include the outcome of contingencies, including litigation, pending regulatory proceedings, environmental matters and the acquisition or divestiture of assets. For a description of additional factors that could cause actual results to differ materially from the forward looking statements, please see the Company's quarterly and annual reports filed with the SEC, including information in the Company's annual report on Form 10-K in Item 1A, "Risk Factors."