WABCO Launches $400 Million Common Stock Repurchase Program

US auto parts supplier WABCO (WABCO Holdings) Company recently said that, after consideration, where appropriate, WABCO Board of Directors on May 26, 2011 approved the repurchase of common shares of the company up to $ 400 million Program , and has authorized the company to start this program. The program will be implemented from June 1, 2011 and will be completed within two years.

About WABCO

WABCO (NYSE: WBC) is the world's leading provider of commercial vehicle safety and control systems. For more than 140 years since its establishment, WABCO has led breakthroughs and innovations in electronics, mechanical and electromechanical technology, providing brake, stability control and automatic transmission control products for the world's leading manufacturers of commercial trucks, trailers and buses.

WABCO is headquartered in Brussels, Belgium and employs 9,900 people in 31 countries around the world. In 2010, global sales totaled 2.2 billion U.S. dollars.

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