LightInTheBox Holding (LITB) Approves $10M Stock Buyback

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Go back to LightInTheBox Holding (LITB) Approves $10M Stock Buyback

LightInTheBox Holding Co., Ltd. Announces Share Repurchase Program

June 8, 2016 6:00 AM EDT

BEIJING, June 8, 2016 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that its Board of Directors has authorized a share repurchase program to repurchase up to $10 million worth of its outstanding American Depositary Shares representing its ordinary shares from June 15, 2016 through June 14, 2017. Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices or in privately negotiated transactions and are subject to... More