ITW Board of Directors Authorize New $6 Billion Share Repurchase Program; Board Also Approves 10.5 Percent Dividend Increase

GLENVIEW, Ill., Aug. 2, 2013 /PRNewswire/ -- Illinois Tool Works Inc. (NYSE: ITW) today announced that its board of directors approved a new share repurchase program that authorizes management to buy back up to $6 billion of the Company's common stock over an open ended period of time....