[More on Monsanto]
ST. LOUIS — Monsanto Co.'s (MON) board authorized the purchase of up to $800 million of the company's stock over a four-year period.
The company has about 268.6 million shares outstanding.
Monsanto's board has scheduled its next annual shareholders meeting for Jan. 17, 2006, the company said in a press release Wednesday.
Also on Wednesday, Fitch Ratings affirmed Monsanto's "A-Minus" senior unsecured debt and "F-2" short-term debt ratings, and revised its ratings outlook to stable from negative, citing the company's improving credit profile at the end of fiscal 2005.
Shares of Monsanto recently changed hands Wednesday at $59.76, up 57 cents, or 1%, in New York Stock Exchange composite trading.
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