Family Dollar to Repurchase Shares

MATTHEWS, N.C. — Family Dollar said Wednesday that its board of directors has authorized the repurchase of up to 5 million shares of the company’s stock.

MATTHEWS, N.C. — Family Dollar here said Wednesday that its board of directors has authorized the repurchase of up to 5 million shares of the company’s stock. The authorization continues a previous share repurchase program that began in 2002, and has resulted this fiscal year in around 5 million shares repurchased, Family Dollar said. The purchases under the new authorization could be made in the open market or in private transactions and will be funded by cash from operations.

TAGS: News