BOARD OK’S POLO STOCK BUYBACK
NEW YORK — Polo Lauren Corp.’s board authorized a two-year extension of its stock repurchase program.
The program, begun April 1998, allows the company to buy back up to $100 million of its class A shares. To date, about $39 million, or 1.9 million shares, have been bought.
As of Jan. 31, 23.5 million shares were outstanding.
Shares of Polo closed Thursday at xx, up/down xx, on the New York Stock Exchange. Its 52-week high is 25 3/8 and low, 14 1/8.