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GAP Inc Approves New $1 Billion Share Repurchase Authorization


Thursday, 3 Jan 2013 08:01am EST 

GAP Inc announced that its Board of Directors approved a new $1 billion share repurchase authorization for the Company`s common stock, reinforcing the Company`s commitment to returning excess cash to shareholders. The new $1 billion repurchase program for Gap Inc.`s stock follows the Company`s previous $1 billion share repurchase program, which was completed during the fourth quarter of fiscal year 2012. The Company repurchased approximately 17 million shares for about $539 million during the fourth quarter of fiscal year 2012 to date. 

Company Quote

38.46
-1.68 -4.19%
21 Nov 2014