Sterling Infrastructure (STRL) announced that its Board of Directors authorized a new stock repurchase program. Under the new program, which becomes effective November 12, Sterling may repurchase up to $400M of its outstanding common stock over the next 24 months. The new program replaces the company’s previous repurchase program, which was set to expire on December 5. There was $81M of remaining capacity under the previous program at the effective time of replacement.
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