Visteon approves repurchase of $200M more in stock

Visteon OKs repurchase of another $200M in stock over the next 2 years, brings total to $250M

Associated Press

VAN BUREN TOWNSHIP, Mich. (AP) -- Auto parts supplier Visteon Corp. on Monday approved the repurchase of an additional $200 million in company stock.

Visteon said the stock repurchase authorization will last for two years. The company said it has bought back $50 million in stock since August, and had $50 million remaining on that share repurchase authorization. It had 58.2 million shares on the market as of Oct. 26.

Visteon shares rose 2.1 percent to $55.92 on Monday and were unchanged in aftermarket trading.

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