MEMPHIS, Tenn.--Maybelline Inc. said Tuesday that it has amended its bank credit agreement to enable it to buy back as much as $25 million in company stock. The previous limit had been $5 million.
Maybelline said that under the program, it may buy back shares of its common stock from time to time through open market or private transactions. Other funds for the share repurchase include cash on hand and cash generated by operations.
Robert N. Hiatt, president and chief executive officer, said that any share repurchase will depend on market conditions and may be discontinued at any time.
The company's stock price closed Tuesday on the New York Stock Exchange down 5/8 to 18 1/4.

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