Wesco International up on $1 bln share buyback plan

WESCO International

01/06/2022 15:51

** Shares of power distribution co Wesco International
 WCC.N  up 1.4% at $127.33
    ** Co says board has approved new $1 bln share buyback
program, which will be used to repurchase both common and
preferred shares  urn:newsml:reuters.com:*:nASA03DZ7
    ** WCC adds it has fully integrated Anixter, a security
products maker it acquired in 2020, and now has free capital for
buybacks
    ** WCC shares are down nearly 3% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))