1 min read
Add as a preferred source on GoogleOllie’s Adds $500 Million to Its Share-Buyback Authorization
The board unanimously approved the additional authorization, expanding the retailer’s existing capacity for stock repurchases.
Ollie’s Bargain Outlet Holdings, Inc. expanded its share-repurchase capacity by $500 million, giving the retailer additional authorization to buy back its stock.
The board approved the added authorization unanimously. It supplements the company’s existing repurchase authorization rather than replacing it.
Shares moved higher in early trading Tuesday after the expanded buyback capacity was announced.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.