Genesco (GCO) Approves $100M Common Stock Buyback Plan
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Genesco Announces Additional Stock Repurchase Authorization
January 19, 2016 4:33 PM ESTNASHVILLE, Tenn., Jan. 19, 2016 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) announced today that its board of directors has authorized it to repurchase up to $100 million of the Company's common stock. The authorization replaces the remaining balance of a previous $100 million repurchase program authorized in September 2015, pursuant to which the Company has repurchased 1.3 million shares at a total cost of approximately $78.5 million. For the fiscal year ending January 30, 2016, to date the Company has repurchased 2.1 million shares at a total cost of approximately $129.0 million. The primary source of funds for incremental repurchases... More
