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Spirit Realty board OKs up to $250M stock buyback plan

Spirit Realty Capital Inc.'s board approved the repurchase of up to $250 million of the company's common stock from time to time.

The new share repurchase program will run for 18 months.

Additionally, the board amended Spirit Realty's bylaws to change the shareholder vote required to amend the company's bylaws to a majority vote from a two-thirds vote.