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Kroger Board OKs $1B Stock Buyback Plan

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Cincinnati Kroger Co. said Friday its board authorized the repurchase of up to $1 billion in stock.

The program replaces its existing $1 billion buyback plan announced last June under which about $6 million remains available for repurchases.

Kroger plans to fund the program with free cash flow, which will also be used to pay dividends.

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