Ralph Lauren Corporation Announces New $500 Million Stock Repurchase Authorization
Ralph Lauren Corporation (NYSE: RL) today announced its Board of Directors has authorized an additional $500 million stock repurchase program permitting the Company to purchase shares of Class A Common Stock, subject to market conditions. This amount is in addition to the $277 million available at the end of the first quarter of Fiscal 2013 as part of a previously authorized stock repurchase program, bringing the Company's total current authorizations to $777 million. Shares acquired under the repurchase program will be held in treasury for future use.
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