Downers Grove, IL, February 28, 2006--ServiceMaster Co., said it plans to buy back up to $250 million of its common shares.
The repurchases will be made over the next two to three years, with $80 million to $100 million expected to be bought in 2006.
The plan replaces the previous buyback authorization made in 2000.
ServiceMaster has about 290.7 million shares outstanding. Shares of the company added 5 cents to $12.60 in midday trading on the New York Stock Exchange.
