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NVR announces $750M share repurchase authorization

NVR (NVR) announced that its board has authorized the repurchase of up to an aggregate of $750M of its outstanding common stock. The repurchase authorization does not have an expiration date. The company indicated that the authorization “is a continuation of the stock repurchase program that began in 1994 and is consistent with NVR’s strategy of maximizing shareholder value.”

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