Wal-Mart announces new $15B share repurchase program at annual meeting
By APFriday, June 5, 2009
Wal-Mart announces $15B share repurchase
FAYETTEVILLE, Ark. — Wal-Mart Stores Inc. is launching a new $15 billion share repurchase program.
The world’s largest retailer said Friday at its annual shareholders meeting that it would end its current $15 billion share repurchase program and replace it with a new one. The prior program was begun in 2007 and had $3.4 billion of remaining authorization.
Over the past five years, Wal-Mart has bought back $21 billion worth of its shares.
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