Xylem Board Authorizes $1.5 Billion Share Repurchase Program

Xylem Inc. announced on November 13 that its Board of Directors has authorized a new share repurchase program of up to $1.5 billion in common stock, effective immediately. The water solutions company said repurchases may be made from time to time on the open market or through privately negotiated transactions, with management intending to be opportunistic based on market conditions.