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Tuesday, September 4, 2007

Home Depot to repurchase shares

In Georgia business news, Home Depot is making good on its plan to buy back 289 million shares. The company says it's spending $37 dollars a share, or more than 10-billion dollars. The Atlanta-based home improvement giant ultimately wants to buy back 22-and-a-half billion dollars worth of shares. Home Depot says it will continue buying back shares but won’t announce a deadline for doing so.

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