Warnaco BOD approves $3mn share repurchase program
17 May '07
1 min read
The Warnaco Group Inc announced that its Board of Directors approved a new three million share repurchase program, in addition to the 978,915 shares remaining to be purchased under its previously announced share repurchase program (the “2005 Program”).
The combined shares remaining under the 2005 Program and the new share repurchase program announced represent 8.6% of the Company's outstanding common stock.
The Company expects that, in order to comply with the terms of applicable debt instruments, purchases under the newly authorized program will be made over the next four years.
The Warnaco Group Inc, headquartered in New York, is a leading apparel company engaged in the business of designing, marketing and selling intimate apparel, menswear, jeanswear, swimwear, men's and women's sportswear and accessories under such owned and licensed brands.
marketing@alchempro.com
