Rowan Companies Inc. (NYSE:RDC) announced that the Company's board of directors has authorized the Company to repurchase up to $100 million in shares of its common stock. Matt Ralls, Rowan's President and Chief Executive Officer, commented, "This share repurchase program is an expression of confidence in Rowan's long-term future and ability to continue to create shareholder value."
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August 11th, 2011 at 09:57 am