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Paccar expands buyback program by $300 million



By AP
08 July 2008 @ 03:10 pm EST

BELLEVUE, Wash. - Heavy truck maker Paccar Inc. said Tuesday that its board approved the repurchase of an additional $300 million of its common stock.

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PCAR 43.41 -0.73

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Paccar said that it is nearing the completion of its previous $300 million buyback program.

Paccar shares rose $1.44, or 3.5 percent, to $42.71 in afternoon trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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