FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York October 15, 2015. REUTERS/Lucas Jackson/File Photo
(Reuters) – Johnson & Johnson (JNJ.N) on Monday announced a share repurchase of up to $5 billion of its common stock. The repurchase plan has no time limit and may be suspended for periods or discontinued at any time, the company said in a statement.
Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by James Emmanuel