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Energizer Buyback Keeps Going

The company adopts a new 10 million-share stock repurchase plan.


(ENR) - Get Energizer Holdings, Inc. Report

set plans late Monday to buy back up to 10 million shares.

The St. Louis-based battery company said the new plan replaces an earlier 10 million-share buyback arrangement rolled out in January. The company said it bought back 7.7 million shares under that deal.

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The decision comes as Energizer shares have retreated sharply from their spring highs. The stock reached $48 in April but has since pulled back as signs of economic recovery have grown more mixed.

Early Tuesday, Energizer rose 2 cents to $41.12.