Tiffany Announces New $400M Stock Repurchase Program

The Board of Directors of Tiffany & Co. TIF has approved a new stock repurchase program. This supersedes a previous program that was scheduled to expire at the end of January. This new program, effective immediately, authorizes the repurchase of up to $400 million of Tiffany's Common Stock, through open market or private transactions. The new program will expire on January 31, 2013.