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HARTFORD, Conn.--(BUSINESS WIRE)--The Board of Directors of Aetna Inc. (NYSE: AET) today authorized the company to repurchase up to an additional $750 million of its common stock from time to time. This authorization is in addition to the approximately $248 million of repurchase authority available under Aetna’s prior authorization as of June 30, 2012.
The company intends to continue buying shares in the open market from time to time. At March 31, 2012, Aetna had approximately $828 million of repurchase authority available under its prior authorizations.
Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 36.1 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services and health information technology services. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.