Church & Dwight enters into pre-arranged stock repurchase plan under which it will repurchase shares of its common stock as part of its US$300M repurchase authorization
PRINCETON, New Jersey
March 7, 2012
– Church & Dwight, Co. Inc., (NYSE:CHD - News) 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.