NVR authorizes repurchase of up to $750M in common stock

NVR (NVR), Inc. announces that its board of directors 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 purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. 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,” the company stated.