New York - Comic book publisher and licensing company Marvel Enterprises announced on Monday that it has authorized a $200 million stock buyback plan.

The authorization follows the completion of a $100 million repurchase of company stock authorized in June 2006.

Since the commencement of its share repurchase programs in July 2004, New York-based Marvel said it has repurchased approximately 38 million shares for an aggregate purchase price of approximately $700 million.

The common stock repurchases to date have reduced Marvel's diluted shares outstanding to approximately 83 million shares.

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