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Charles River Laboratories International Inc. has initiated an accelerated stock repurchase (ASR) program to buy back $150 million in common stock, as part of a larger $750 million stock buyback plan, the Wilmington company announced today.

The ASR program will return 3.7 million shares of common stock to the company. Charles River Laboratories is paying for the buyback with a new $150 million term loan, an add-on to the company’s current credit agreement that includes an earlier $400 million U.S. term loan and $350 million U.S. revolving credit facility.

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