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Covanta to repurchase up to $30 million in shares

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By AP
22 September 2008 @ 10:38 am ET

HARTFORD, Conn. - Covanta Holding Corp., owner and operator of energy from waste and renewable energy projects, has authorized the repurchase of up to $30 million of its stock, the company announced Monday.

Quotes

CVA

18.19

0.05

The board has determined that the authorization will allow the company to respond to volatile market conditions.

The company has about 154.3 million shares outstanding.

Shares of Covanta fell to $25.05 in early morning trading, about 34 cents. Over the past 52 weeks, the stock has traded between $20.40 and $30.37.

Copyright 2009 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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