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Gap Inc announces new $1 bn share repurchase program
03 Mar '08
2 min read
Members of the Fisher family have periodically sold stock since the company's initial public offering in 1976 as part of their normal investor diversification. With three seats on the company's Board of Directors, the family remains active supporting the company's long-term objectives.
During the fourth quarter of fiscal year 2007, the company repurchased about 30 million shares for a total of $613 million, thereby completing a $1.5 billion share repurchase program. Today's announcement brings the company's total share repurchase authorizations to $6.75 billion since October 2004.
During the fourth quarter of fiscal year 2007, the company repurchased about 30 million shares for a total of $613 million, thereby completing a $1.5 billion share repurchase program. Today's announcement brings the company's total share repurchase authorizations to $6.75 billion since October 2004.
Gap Inc
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