Snap-on announces $500M share repurchase authorization

Freeman Staff

Feb. 20, 2019

KENOSHA — Snap-on Incorporated, a global innovator, manufacturer and marketer of tools, announced Tuesday that its board of directors has authorized a share repurchase program of up to $500 million of common stock.

Tuesday’s announced sale will replace the previously approved share repurchase program under which approximately $206 million of authorization remained. Including the new authorization, total share repurchase availability stands at about $513 million, according to the announcement.