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Janus Capital (JNS Quote) said its board approved a new stock repurchase program that enables the company to buy back up to $500 million of its common stock.
The Denver-based mutual fund shop had $124 million remaining available under a prior buyback as of Dec. 31.
"Our board remains committed to returning value to our stockholders," Janus CEO and Chief Investment Officer Gary Black said in a press release Tuesday. "We continue to believe our stock is an excellent investment and that buying back shares is a good use of our capital." ...
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