Ecolab is seeking to start a $1 billion share repurchase program upon the completion of Nalco Holding Co. merger. The repurchase program is likely to be completed by the end of 2012.
The board of directors of the company also increased its share repurchase authorization by 10 million shares to nearly 28 million shares. Ecolab, which had about 232 million shares outstanding on July 31, will issue approximately 69 million additional shares in the Nalco merger.
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