By Ben Glickman
Marriott International has expanded its share buyback program by up to 25 million shares, bringing the total authorization to more than 30 million shares.
The Bethesda, Md.-based said it had 7.3 million shares authorized for repurchase as of Oct. 31 under its previous program.
The additional 25 million shares authorized for buybacks would be worth about $4.8 billion, based on the Wednesday closing price of $192.58.
Marriott said it had purchased 18.3 million shares for $3.3 billion through the first 10 months of the year.
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