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Masco Reveals $1.2B Share Buyback Plan, Workforce Cuts

By Linda Chiem (October 1, 2014, 1:17 PM EDT) -- Home improvement products giant Masco Corp. announced Tuesday that it will spin off its installation division, launch a $1.2 billion share buyback program and cut 40 percent of its staff as the company positions itself for future growth and reportedly bends to pressure from activist investor Daniel Loeb....

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