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.
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.