Masco signs $300 million accelerated share-repurchase agreement

11 articles · Updated · MarketWatch · May 7

The deal with Royal Bank of Canada includes an initial delivery of about 3.3 million shares, roughly 80% of those covered, with completion expected by July 27.
Masco said the buyback forms part of the $2 billion share-repurchase programme it announced in February.
The Livonia, Michigan, home-improvement and building-products maker had about 201.7 million shares outstanding on March 31 and a market value of roughly $14.5 billion.

Is buying back stock the best use of cash, or should Masco invest more to fend off rising competition?

Can Masco's shareholder payout succeed as rising costs and consumer uncertainty threaten the home improvement boom?