Kellogg Company Announces 2010 Share Repurchase Program
Kellogg Company announced that its Board of Directors authorized the repurchase of up to $650 million of common stock during 2010. Furthermore, the Board of Directors approved the rollover into 2010 of any portion of the 2009 $650 million share repurchase authorization that remains unused by the end of the 2009 fiscal year."We recognize the importance of returning cash flow to shareowners and are pleased to continue our consistent history of share repurchases and dividends despite the challenging economic environment," said David Mackay, Kellogg's chief executive officer.
