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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBuybacksConsumer StaplesHypermarkets & Super Centers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!