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Third Point board approves $100M share buyback plan

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Third Point board approves $100M share buyback plan

Third Point ReinsuranceLtd.'s board on May 4 authorized a new share repurchase program forup to an aggregate of $100.0 million of the company's outstanding common shares.

The company expects to finance any repurchases from a combinationof cash on hand and cash provided by operating activities, according to a May 5earnings release.