Amazon.com Board sanctions $500mn stock repurchase program
28 Aug '06
1 min read
Amazon.com Inc announced that its Board of Directors authorized the Company to repurchase up to $500 million of the Company's common stock within the next 24 months, through one or more open market transactions, privately negotiated transactions, transactions structured through investment banking institutions or a combination of the foregoing.
The program allows the Company to opportunistically repurchase its shares. The Company may do so if it believes its shares are undervalued.
Amazon.com Inc, a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection.
Amazon.com, Inc seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices.
Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as health and personal care, jewelry and watches, gourmet food, sports and outdoors, apparel and accessories, books, music, DVDs, electronics and office, toys and baby, and home and garden.
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