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Aeropostale Board approves $100m stock repurchase program
15 Jun '06
1 min read
A mall-based specialty retailer Aeropostale Inc announced that its board of directors approved an increase in its common stock repurchase program to acquire an additional $100.0 million of its outstanding common stock.
This increased the total repurchase program to $250.0 million. As of June 14, 2006 the company had purchased back approximately $143.8 million (5.9 million shares) under the repurchase program.
Specialty retailer of casual apparel and accessories Aeropostal Inc principally targeting 14 to 17 year-old young women and men. The company provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values. Aeropostale maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise.
This increased the total repurchase program to $250.0 million. As of June 14, 2006 the company had purchased back approximately $143.8 million (5.9 million shares) under the repurchase program.
Specialty retailer of casual apparel and accessories Aeropostal Inc principally targeting 14 to 17 year-old young women and men. The company provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values. Aeropostale maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise.
Aeropostale Inc
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