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Molina Healthcare authorizes $500M repurchase program

Molina Healthcare Inc. authorized a repurchase program for up to $500 million of the company’s outstanding common shares.

The program will be funded by existing cash on hand and will extend through Dec. 31, 2021.

The company's management will determine the exact timing and amount of any repurchase based on factors including market conditions and share price, and purchases will be subject to restrictions relating to volume, price and timing under applicable law.