Trinity Industries, Inc. (NYSE:TRN) has announced that its Board of Directors has approved a new $250 million share repurchase program that will expire on December 31, 2015. The new program becomes effective on March 7, 2014 and replaces the Company's current share repurchase program that was approved in 2013 with an authorization of $200 million. As of close of business today, the remaining authorization under the current program of approximately $92 million will expire.
Trinity Industries is a diversified industrial company that owns a variety of businesses which provide products and services to the industrial, energy, transportation, and construction sectors. Co. manufactures and sells a variety of products including: railcars and railcar parts in addition to leasing railcars to its customers through its integrated business model, which includes a captive leasing business, Trinity Industries Leasing Company (TILC"); inland barges; structural wind towers; highway products; aggregates; containers; and parts and steel components. Open the TRN Page at The Online Investor »
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