YRC Plans Buyback
It targets $100 million.
YRC Worldwide's
(YRCW)
board approved a plan to buy back up to $100 million of common stock.
"We believe that our stock remains significantly undervalued in the market and we continue to have confidence in the long-term value of our organization," the Overland Park, Kan.-based company said. "Our plans to pay down $100 million of debt in 2006 remain unchanged."
YRC rose $1.03 to $39.32.
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