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04 May '11
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Share Repurchase Activity
During the first quarter, we have repurchased 1.2 million of our common shares at a total cost of $101 million, an average price of $81.61 per share, under our share repurchase program. At April 30, 2011, we had $86 million of remaining authorization under our common share repurchase program.
The Company also announced that its Board of Directors has approved the repurchase of up to an additional $500 million of the Company's common shares. This authorization is in addition to the $86 million worth of shares that remain available for repurchase under the Company's existing repurchase program. The shares are expected to be purchased in the open market or in privately negotiated transactions. Timing will be dependent on prevailing market conditions, alternative uses of capital and other factors. The Company has repurchased approximately 56.9 million of the Company's common shares at a total cost of $5.9 billion since the third quarter of fiscal 2005, when Holdings' repurchase plan was first approved.
As previously announced, we expect to release first quarter results on or about May 19, 2011.
During the first quarter, we have repurchased 1.2 million of our common shares at a total cost of $101 million, an average price of $81.61 per share, under our share repurchase program. At April 30, 2011, we had $86 million of remaining authorization under our common share repurchase program.
The Company also announced that its Board of Directors has approved the repurchase of up to an additional $500 million of the Company's common shares. This authorization is in addition to the $86 million worth of shares that remain available for repurchase under the Company's existing repurchase program. The shares are expected to be purchased in the open market or in privately negotiated transactions. Timing will be dependent on prevailing market conditions, alternative uses of capital and other factors. The Company has repurchased approximately 56.9 million of the Company's common shares at a total cost of $5.9 billion since the third quarter of fiscal 2005, when Holdings' repurchase plan was first approved.
As previously announced, we expect to release first quarter results on or about May 19, 2011.
Sears Holdings Corporation
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