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Tempur Sealy International, Inc. Chairman and CEO Scott Thompson commented, "Today I am pleased to announce that our Board of Directors has once again authorized another $200 million share repurchase as a means to deploy excess cash back to shareholders. This is a continuation of our long term strategy to return excess cash to our owners while being mindful of our debt target." In a separate press release issued today, Tempur Sealy International reported its fourth quarter and full year 2016 results. Stock repurchases under this program may be made through open market transactions, negotiated purchases or otherwise, at times and in such amounts as management deems appropriate.The timing and actual number of shares repurchased will depend on a variety of factors including price, financing and regulatory requirements and other market conditions. The program does not require the purchase of any minimum number of shares and may be suspended, modified or discontinued at any time without prior notice. Repurchases may be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under federal securities laws. About the Company Tempur Sealy International, Inc. TPX, -1.78% is the world's largest bedding provider. Tempur Sealy International develops, manufactures and markets mattresses, foundations, pillows and other products. The Company's brand portfolio includes many highly recognized brands, including TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedicand Stearns & Foster.
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REUTERS/Mohamed Azakir 4/8 left right Marine Le Pen, French National Front (FN) political party leader and candidate for the French 2017 presidential elections, shakes hands with Cardinal Bechara Boutros Rai of Lebanon, the Maronite Patriarch of Antioch and the Whole Levant, as French deputy Gilbert Collard looks on, in Bkerke, north of Beirut, Lebanon February 21, 2017. REUTERS/Mohamed Azakir 5/8 left right Marine Le Pen, French National Front (FN) political party leader and candidate for the French 2017 presidential elections, meets with Samir Geagea, leader of the Christian Lebanese Forces, in Maarab, north of Beirut, Lebanon February 21, 2017. REUTERS/Mohamed Azakir 6/8 left right Marine Le Pen, French National Front (FN) political party leader and candidate for the French 2017 presidential elections, stands in front of the logo of the Christian Lebanese Forces party during her meeting with Samir Geagea, leader of the party, in Maarab, north of Beirut, Lebanon February 21, 2017. REUTERS/Mohamed Azakir 7/8 left right Bodyguards gesture towards a vehicle carrying Marine Le Pen, French National Front (FN) political party leader and candidate for French 2017 presidential election, as she leaves the Dar al-Fatwa building after she refused to wear a headscarf for her meeting Lebanon's Grand Mufti Sheikh Abed el-Lateef Daryan in Beirut, Lebanon February 21, 2017. REUTERS/Aziz Taher 8/8 By Simon Carraud | BEIRUT BEIRUT French far-right National Front presidential candidate Marine Le Pen canceled a meeting on Tuesday with Lebanon's grand mufti, its top cleric for Sunni Muslims, after refusing to wear a headscarf for the encounter. Le Pen, among the frontrunners for the presidency, is using a two-day visit to Lebanon to bolster her foreign policy credentials nine weeks from the April 23 first round, and may be partly ชุดเครื่องนอน targeting potential Franco-Lebanese votes. Many Lebanese fled to France, Lebanon's former colonial power, during their country's 1975-1990 civil war and became French citizens. After meeting Christian President Michel Aoun - her first public handshake with a head of state - and Sunni Prime Minister Saad al-Hariri on Monday, she had been scheduled to meet the Grand Mufti Sheikh Abdul Latif Derian He heads the Dar al-Fatwa, the top religious authority for Sunni Muslims in the multireligious country. "I met the grand mufti of Al-Azhar," she told reporters, referring to a visit in 2015 to Cairo's 1,000-year-old center of Islamic learning. "The highest Sunni authority didn't have this requirement, but it doesn't matter. "You can pass on my respects to the grand mufti, but I will not cover myself up," she said.