Lorillard to Repurchase Shares

Source from:  Tobacco Reporter 03/02/2010

The board of Lorillard Inc. has approved a share repurchase program, authorizing the company to repurchase in the aggregate up to $250 million of its outstanding common stock. The purchases will be funded from existing cash balances. This program does not obligate the Company to acquire any particular amount of its common stock. The timing, frequency and amount of repurchase activity will depend on a variety of factors such as levels of cash generation from operations, cash requirements for investment in the company's business, current stock price, market conditions and other factors. Enditem