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Stage Stores completes Stock Repurchase Program
11 Jan '08
2 min read
Stock Repurchase Activity:
The Company also reported that it has completed its previously announced $50 million Stock Repurchase Program. Under the Program, the Company repurchased 3.2 million shares of its common stock, or 7.8% of the shares that were outstanding at the time the Program was implemented.
The $50 million spent under this Program raises the total amount that the Company has spent repurchasing its shares since it began buying back its stock in 2002 to $277.2 million, while the 3.2 million shares repurchased under this Program raises the total number of shares repurchased to date to 16.9 million shares.
The Company also reported that it has completed its previously announced $50 million Stock Repurchase Program. Under the Program, the Company repurchased 3.2 million shares of its common stock, or 7.8% of the shares that were outstanding at the time the Program was implemented.
The $50 million spent under this Program raises the total amount that the Company has spent repurchasing its shares since it began buying back its stock in 2002 to $277.2 million, while the 3.2 million shares repurchased under this Program raises the total number of shares repurchased to date to 16.9 million shares.
Stage Stores Inc
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