Wal-Mart Plans $15 Billion Buyback, May Boost Walton Stake
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Wal-Mart Stores Inc. renewed plans to buy back as much as $15 billion of its shares, potentially bolstering the Walton family’s control of the world’s largest retailer.
The buyback replaces a previous $15 billion repurchase announced June 4, 2010, Chief Financial Officer Charles Holley said today at Wal-Mart’s 41st annual meeting. About 14,000 people attended the gathering in Fayetteville, Arkansas.