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Wal-Mart Stores Inc Approves New Share Repurchase Program

Friday, 7 Jun 2013 09:28am EDT 

Wal-Mart Stores Inc announced that Board of Directors approved a new program authorizing the Company to repurchase $15 billion of shares, effective June 6, 2013. This program replaces the previous $15 billion program announced on June 3, 2011 (2011 Authorization). As of June 6, the Company had approximately $712 million remaining on the 2011 Authorization. Under the share repurchase program, repurchased shares are constructively retired and returned to unissued status. 

Company Quote

-0.32 -0.42%
21 Jul 2014