Primo Brands (PRMB) announced that its board of directors has authorized an increase of $50M to the company’s existing share repurchase program, bringing the total authorization under the program to $300M. Under the existing repurchase program, the company previously repurchased approximately 4.4M shares of its Class A common stock for approximately $97.7M. Inclusive of the increase, the company has approximately $202.3M of capacity under the share repurchase program.
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