UPDATE: Walmart Board Approves New $15B Share Repurchase Program

Wal-Mart Stores, Inc. WMT announced at its 41st Annual Meeting of Shareholders today that its Board of Directors approved a new program authorizing the company to repurchase $15 billion of its shares. This program replaces the previous $15 billion program, announced on June 4, 2010, that had approximately $2 billion of remaining authorization. Under the program, repurchased shares are constructively retired and returned to unissued status.