LIMITED’S BUYBACK OFFER COMPLETED

NEW YORK — The Limited Inc. said Friday it completed its offer to purchase up to 85 million shares of its common stock. The Limited announced that 185,851,144 shares of common were tendered, including 428,525 shares held by odd-lot holders. The retailer will purchase 85 million shares at $19 a share. After the purchase, the company will have about 270.7 million shares of common outstanding.
Limited stock closed Friday on the New York Stock Exchange at 19 1/2, up 3/8.
— Fairchild News Service

load comments
blog comments powered by Disqus